Title Does supply or demand drive the credit cycle? : evidence from Central, Eastern, and Southeastern Europe / prepared by Greetje Everaert [and others]

Published [Washington, D.C.] : International Monetary Fund, ©2015

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Description 1 online resource (61 pages) : color illustrations Series IMF working paper ; WP/15/15 IMF working paper ; WP/15/15. Contents Cover; Abstract; Contents; I. Introduction; II. Regional Bank-Level Panel Analysis; III. Case Studies; Montenegro; Lithuania; Latvia; Poland; Romania; IV. Conclusion; References; Appendixes; I. Data Used in the Panel Regression; II. Case Study Summary Statistics and Narratives; III. Description of Variables of Disequilibrium Model; IV. Fit of Model; Montenegro; Lithuania; Latvia; Poland; Romania; V. Robustness Check on Significance of Excess Supply; Montenegro & Lithuania; Latvia; Poland; Romania Summary 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 Notes 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." Bibliography Includes bibliographical references (page 61) Notes Online resource; title from pdf title page (IMF.org Web site, viewed January 27, 2015) Subject 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 Bank loans Bank management Banks and banking Business cycles Credit Balkan Peninsula Central Europe Eastern Europe Form Electronic book Author Everaert, G. (Greetje) International Monetary Fund. European Department. ISBN 1484379985 9781484379981 9781498326391 1498326390 9781498350631 1498350631

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