Series: IMF Working Papers
Author(s): Valerie Herzberg
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2010
Keywords: private sector debt, Baltic economies, debt overhang, corporate sector, debt service, central bank, Financial Economics: General, Financial Institutions and Services: General,
Between 2000 and 2007 nonfinancial private sector credit expanded rapidly in the Baltic countries, resulting in a non-negligible build-up of debt. Could this legacy debt hold back the economic recovery of the regio...