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Using Credit Subsidies to Counteract a Credit Bust
			: Evidence From Serbia

Using Credit Subsidies to Counteract a Credit Bust : Evidence From Serbia »

Volume/Issue: 2011/285

Series: IMF Working Papers

Author(s): Jiri Podpiera

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2011

DOI: http://dx.doi.org/10.5089/9781463927196.001

ISBN: 9781463927196

Keywords: Credit Subsidy, Financial Accelerator, Countercyclical Policy, subsidies, subsidy, financial sector

Emerging markets are particularly vulnerable to boom-bust credit cycles, due to excessive capital flows, shallow equity markets, and companies' high leverage and open FX positions. While the policy debate on how to...

Using Credit Subsidies to Counteract a Credit Bust

Using Credit Subsidies to Counteract a Credit Bust »

Source: Using Credit Subsidies to Counteract a Credit Bust : Evidence From Serbia

Volume/Issue: 2011/285

Series: IMF Working Papers

Author(s): Jiri Podpiera

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2011

ISBN: 9781463927196

Keywords: Credit Subsidy, Financial Accelerator, Countercyclical Policy, subsidies, subsidy, financial sector

Emerging markets are particularly vulnerable to boom-bust credit cycles, due to excessive capital flows, shallow equity markets, and companies' high leverage and open FX positions. While the policy debate on how to...