Title Assessing and managing rapid credit growth and the role of supervisory and prudential policies / prepared by Paul Hilbers, Inci Otker-Robe, Ceyla Pazarbasioglu, and Gudrun Johnsen

Published [Washington, D.C.] : International Monetary Fund, Monetary and Financial Systems Dept., 2005

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Description 1 online resource (58 pages) : illustrations Series IMF working paper ; WP/05/151 IMF working paper ; WP/05/151. Contents Contents -- I. INTRODUCTION -- II. ANALYSIS OF RAPID CREDIT GROWTH -- III. COUNTRY EXPERIENCES WITH RAPID CREDIT GROWTH -- IV. POLICY RESPONSES TO RAPID CREDIT GROWTH IN THE CEE COUNTRIES -- V. SUMMARY AND CONCLUDING REMARKS -- References Summary This paper reviews trends in bank lending to the private sector, with a particular focus on Central and Eastern European countries, and finds that rapid growth of private sector credit continues to be a key challenge for most of these countries. The paper discusses possible implications for economic and financial stability and the policy options available to counter and reduce these risks. It argues that the authorities will need to focus on the implications for both the macro economy and the financial system and, depending on their assessment, may need a comprehensive policy response comprising a mix of macro and prudential policies. In particular where there are limitations to the effective use of monetary and fiscal measures, supervisory and prudential policy responses will have a key role in addressing financial stability concerns Notes "July 2005." Bibliography Includes bibliographical references (pages 35-38) Notes English Online resource; title from title screen (viewed July 21, 2008) Subject Banks and banking -- State supervision -- Europe, Central Banks and banking -- State supervision -- Europe, Eastern Credit -- Europe, Central Credit -- Europe, Eastern Risk management -- Europe, Central Risk management -- Europe, Eastern Banks and banking -- State supervision Credit Risk management Central Europe Eastern Europe Form Electronic book Author Hilbers, Paul Louis Ceriel, author. Ötker, İnci, author. Pazarbaşioğlu, Ceyla, author. Johnsen, Gudrun, author. International Monetary Fund. Monetary and Financial Systems Department, issuing body. ISBN 1282392034 9781282392038 9781451907063 1451907060 146235386X 9781462353866 1452700729 9781452700724 9786613820464 6613820466

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