Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2010
Keywords: credit boom, sudden stop, global financial crisis, capital inflows, exchange rate, subsidiaries, foreign exchange, Financial Aspects of Economic Integration, Open Economy Macroeconomics, International Policy Coordination and Transmission
In the past decade, most of the EU New Member States experienced a severe credit-boom bust cycle. This paper argues that the credit boom-bust cycle was to a large extent the result of factors external to the region...