| Description |
1 online resource (60 pages) : illustrations |
| Series |
IMF working paper ; WP/08/184 |
|
IMF working paper ; WP/08/184.
|
| Contents |
I. Introduction -- II. Background -- III. Overview of private sector growth in the region -- IV. Public sector credit growth -- V. Analysis of factor determining credit growth -- VI. Tests for regional spillovers from oil -- VII. Investment -- VIII. Current accounts -- IX. Structural variables -- X. Prudential indicators and profitability -- XI. Interest rates and inflation -- XII. Public sector involvement and foreign banks -- XIII. An analysis of the components of private sector credit growth -- XIV. Outlook for the future -- XV. Policy implications -- XVI. Summary and conclusions -- XVII. Topics for further investigation |
| Summary |
Rapid private sector credit growth in the Middle East, North Africa, and Central Asia has been a result of strong economic growth, financial deepening, and banks' willingness to explore consumer credit markets. Economic growth, the initial ratio of private sector credit to GDP, price volatility, and nonoil exports are found to be significant explanatory variables, while oil exports and spillovers from oil exporting neighbors were not found to have any significance. The credit growth has financed consumer spending and home ownership rather than investment |
| Notes |
"July 2008." |
| Bibliography |
Includes bibliographical references (pages 57-60) |
| Notes |
Print version record |
| Subject |
Credit -- Middle East
|
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Credit -- Africa, North
|
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Credit -- Asia, Central
|
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Petroleum industry and trade -- Economic aspects -- Middle East
|
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Petroleum industry and trade -- Economic aspects -- Africa, North
|
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Petroleum industry and trade -- Economic aspects -- Asia, Central
|
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Credit
|
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Economic history
|
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Petroleum industry and trade -- Economic aspects
|
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Kredit.
|
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Mittlerer Osten.
|
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Nordafrika.
|
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Zentralasien.
|
| SUBJECT |
Middle East -- Economic conditions.
http://id.loc.gov/authorities/subjects/sh86008065
|
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Africa, North -- Economic conditions.
http://id.loc.gov/authorities/subjects/sh85001636
|
|
Asia, Central -- Economic conditions.
http://id.loc.gov/authorities/subjects/sh97004877
|
| Subject |
North Africa
|
|
Central Asia
|
|
Middle East
|
| Form |
Electronic book
|
| Author |
International Monetary Fund. Monetary and Capital Markets Department.
|
| ISBN |
9781451914955 |
|
1451914954 |
|
