Does supply or demand drive the credit cycle? : evidence from Central, Eastern, and Southeastern Europe /

Countries in Central, Eastern, and Southeastern Europe (CESEE) experienced a credit boom-bust cycle in the last decade. This paper analyzes the roles of demand and supply factors in explaining this credit cycle. Our analysis first focuses on a large sample of bank-level data on credit growth for the...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor Corporativo: International Monetary Fund. European Department
Otros Autores: Everaert, G. (Greetje)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2015.
Colección:IMF working paper ; WP/15/15.
Temas:
Banks and banking > Europe, Central.
Bank loans > Europe, Central.
Credit > Europe, Central.
Business cycles > Europe, Central.
Bank management > Europe, Central.
Banks and banking > Europe, Eastern.
Bank loans > Europe, Eastern.
Credit > Europe, Eastern.
Business cycles > Europe, Eastern.
Bank management > Europe, Eastern.
Banks and banking > Balkan Peninsula.
Bank loans > Balkan Peninsula.
Credit > Balkan Peninsula.
Business cycles > Balkan Peninsula.
Bank management > Balkan Peninsula.
Prêts bancaires > Europe centrale.
Crédit > Europe centrale.
Cycles économiques > Europe centrale.
Banques > Gestion > Europe centrale.
Prêts bancaires > Europe de l'Est.
Crédit > Europe de l'Est.
Cycles économiques > Europe de l'Est.
Banques > Gestion > Europe de l'Est.
Prêts bancaires > Balkans.
Crédit > Balkans.
Cycles économiques > Balkans.
Banques > Gestion > Balkans.
Bank loans.
Bank management.
Banks and banking.
Business cycles.
Credit.
Balkan Peninsula.
Central Europe.
Eastern Europe.
Acceso en línea:Texto completo
Descripción
Sumario:Countries in Central, Eastern, and Southeastern Europe (CESEE) experienced a credit boom-bust cycle in the last decade. This paper analyzes the roles of demand and supply factors in explaining this credit cycle. Our analysis first focuses on a large sample of bank-level data on credit growth for the entire CESEE region. We complement this analysis by five case studies (Latvia, Lithuania, Montenegro, Poland, and Romania). Our results of the panel data analysis indicate that supply factors, on average and relative to demand factors, gained in importance in explaining credit growth in the post-crisis period. In the case studies, we find a similar result for Lithuania and Montenegro, but the other three case studies point to the fact that country experiences were heterogeneous.--Abstract.
Notas:Prepared by Greetje Everaert, Natasha Che, Nan Geng, Betrand Gruss, Gregorio Impavido, Yinqiu Lu, Christian Saborowski, Jérôme Vandenbussche, and Li Zeng.
"January 2015."
"European Department."
Descripción Física:1 online resource (61 pages) : color illustrations
Bibliografía:Includes bibliographical references (page 61).
ISBN:1484379985
9781484379981
9781498326391
1498326390
9781498350631
1498350631

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