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5 Analysis of and Policy Responses to Rapid Credit Growth

5 Analysis of and Policy Responses to Rapid Credit Growth »

Source: Rapid Credit Growth in Central and Eastern Europe : Endless Boom or Early Warning?

Series: Seminar Volumes

Author(s): Charles Enoch , and Inci Ötker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2007

ISBN: 9780230521513

Keywords: Credit expansion, Eastern Europe, credit, banking, banking sector, current account, foreign exchange

This chapter discusses the phenomenon of rapid growth in bank credit to the private sector, which in recent years has been particularly prominent in many Central, Eastern, and South-eastern European countrie...

11 Assessment of Credit Growth in Lithuania

11 Assessment of Credit Growth in Lithuania »

Source: Rapid Credit Growth in Central and Eastern Europe : Endless Boom or Early Warning?

Series: Seminar Volumes

Author(s): Charles Enoch , and Inci Ötker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2007

ISBN: 9780230521513

Keywords: Credit expansion, Eastern Europe, credit, banking, banking sector, current account, foreign exchange

The dynamic developments in the Lithuanian credit market have attracted observers’ attention. The rate of banking intermediation growth, unthinkable for mature economies, is to a large extent justified on th...

1 Credit Growth in Central and Eastern Europe

1 Credit Growth in Central and Eastern Europe »

Source: Rapid Credit Growth in Central and Eastern Europe : Endless Boom or Early Warning?

Series: Seminar Volumes

Author(s): Charles Enoch , and Inci Ötker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2007

ISBN: 9780230521513

Keywords: Credit expansion, Eastern Europe, credit, banking, banking sector, current account, foreign exchange

Rapid credit growth is one of the most pervasive developments in recent years in the countries of Central, Eastern, and South-eastern Europe (CEE). The benefits of this growth are unquestioned; but so are th...

7 Credit Growth Slowdown: The Experience of Bulgaria

7 Credit Growth Slowdown: The Experience of Bulgaria »

Source: Rapid Credit Growth in Central and Eastern Europe : Endless Boom or Early Warning?

Series: Seminar Volumes

Author(s): Charles Enoch , and Inci Ötker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2007

ISBN: 9780230521513

Keywords: Credit expansion, Eastern Europe, credit, banking, banking sector, current account, foreign exchange

The banking sector in Bulgaria currently consists of 28 domestic banks and six foreign branches. The number of banks may seem large, but in relative terms the sector is small—before the beginning of the cred...

20 Cross-Border Supervisory Cooperation

20 Cross-Border Supervisory Cooperation »

Source: Rapid Credit Growth in Central and Eastern Europe : Endless Boom or Early Warning?

Series: Seminar Volumes

Author(s): Charles Enoch , and Inci Ötker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2007

ISBN: 9780230521513

Keywords: Credit expansion, Eastern Europe, credit, banking, banking sector, current account, foreign exchange

This chapter discusses the role played by the Committee of European Banking Supervisors (CEBS) in promoting the convergence of banking supervisory practices and supervisory cooperation in Europe (see Box 20....

Current Account Developments in New Member States of the European Union

Current Account Developments in New Member States of the European Union »

Source: Current Account Developments in New Member States of the European Union : Equilibrium, Excess, and EU-Phoria

Volume/Issue: 2008/92

Series: IMF Working Papers

Author(s): Jesmin Rahman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2008

ISBN: 9781451869538

Keywords: Current account norm, macroeconomic balance approach, fdi, investment climate, transition economies, exchange rate regime

This paper analyzes current account (CA) developments in the following 10 new EU members states: Czech Republic, Bulgaria, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia. During the las...

18 Debt Growth: Factors, Institutional Issues and Implications—The Portuguese Case

18 Debt Growth: Factors, Institutional Issues and Implications—The Portuguese Case »

Source: Rapid Credit Growth in Central and Eastern Europe : Endless Boom or Early Warning?

Series: Seminar Volumes

Author(s): Charles Enoch , and Inci Ötker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2007

ISBN: 9780230521513

Keywords: Credit expansion, Eastern Europe, credit, banking, banking sector, current account, foreign exchange

In this chapter, I discuss some of the features underlying the private sector debt evolution in Portugal throughout the 1990s. Rapid private sector credit growth, both in the household and nonfinancial corpo...

9 Estonia’s Experience with Rapid Credit Growth

9 Estonia’s Experience with Rapid Credit Growth »

Source: Rapid Credit Growth in Central and Eastern Europe : Endless Boom or Early Warning?

Series: Seminar Volumes

Author(s): Charles Enoch , and Inci Ötker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2007

ISBN: 9780230521513

Keywords: Credit expansion, Eastern Europe, credit, banking, banking sector, current account, foreign exchange

Estonia has experienced two rapid credit growth cycles: one in the mid-1990s and the second from 2001 onward. This has raised several questions about the sustainability of these developments and about possib...

External Liabilities and Crises

External Liabilities and Crises »

Source: External Liabilities and Crises

Volume/Issue: 2013/113

Series: IMF Working Papers

Author(s): Luis Catão , and Gian Milesi-Ferretti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2013

ISBN: 9781484315910

Keywords: International Investment Positions, Current Account Imbalances, Foreign Exchange Reserves, net external debt, net debt, current account balance, Financial Markets and the Macroeconomy, International Lending and Debt Problems, Foreign Exchange Reserves.,

We examine the determinants of external crises, focusing on the role of foreign liabilities and their composition. Using a variety of statistical tools and comprehensive data spanning 1970-2011, we find that the ra...

4 Fast Credit Expansion in Central and Eastern Europe: Catching-up, Sustainable Financial Deepening, or Bubble?

4 Fast Credit Expansion in Central and Eastern Europe: Catching-up, Sustainable Financial Deepening, or Bubble? »

Source: Rapid Credit Growth in Central and Eastern Europe : Endless Boom or Early Warning?

Series: Seminar Volumes

Author(s): Charles Enoch , and Inci Ötker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2007

ISBN: 9780230521513

Keywords: Credit expansion, Eastern Europe, credit, banking, banking sector, current account, foreign exchange

In recent years, most Central, Eastern, and South-eastern European (CEE) countries have recorded rapid rates of growth of banking system credit and, consequently, sizable increases in the ratio of credit to...