Chapter 2. Assessing Policies to Revive Credit Markets
Author: International Monetary Fund. Monetary and Capital Markets Department
Language:
English
Keywords:
GFSR; bank; market economy; emerging market; emerging market economy; monetary policy normalization; emerging market bond index; private sector; commercial paper; currency depreciation; central bank; Credit; Emerging and frontier financial markets; Stocks; Financial statements; Loans; Global; Middle East; Central and Eastern Europe; Europe; Africa; credit demand; financial support; credit supply; bank financing; credit activity; Small and medium enterprises; Debt burden

Abstract

Policymakers in economies hit hard by the global financial crisis have been concerned about weak growth in credit, considered a main factor in the slow economic recovery. Many countries with near-zero or negative credit growth for a number of years sense that the strategy of very accommodative macroeconomic policies has been insufficient in reviving credit activity. Authorities have therefore implemented a host of policies to target credit creation (which are documented in an appendix to the chapter).1

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Contributor Notes

The authors of this chapter are S. Erik Oppers (team leader), Nicolas Arregui, Johannes Ehrentraud, Frederic Lambert, and Kenichi Ueda. Research support was provided by Yoon Sook Kim. Fabian Valencia shared data and methodology.
Cover Global Financial Stablity Report, October 2013
Global Financial Stablity Report, October 2013
Transition Challenges to Stability
Author: International Monetary Fund. Monetary and Capital Markets Department
ISBN:
9781475524970
ISSN:
1729-701X
Publication Date:
09 Oct 2013
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781475524970.082
Pages:
200