| Description |
1 online resource (373 pages) : illustrations |
| Contents |
Credit growth in Central and Eastern Europe / Charles Enoch -- Causes and nature of the rapid growth of bank credit in the Central, Eastern and South-eastern European countries / Calin Arcalean [and others] -- Using fundamentals to identify episodes of "excessive" credit growth in Central and Eastern Europe / Frédric Boissay, Oscar Calvo-Gonzalez, and Tomasz Koźluk -- Fast credit expansion in Central and Eastern Europe: catching-up, sustainable financial deepening, or bubble? / Peter Backé, Balázs Égert, and Tina Zumer -- Analysis of and policy responses to rapid credit growth / Paul Hilbers, İnci Ötker-Robe, and Ceyla Pazarbasioǧlu -- Rapid credit growth: the role of supervisors / Mats Josefsson -- Credit growth slowdown: the experience of Bulgaria / Veselka Petkova and Stoyan Manolov -- Croatian experience with rapid credit growth / Maroje Lang -- Estonia's experience with rapid credit growth / Raoul Lättemäe -- Latvia's experience with rapid credit growth / Uldis Rutkaste -- Assessment of credit growth in Lithuania / Tomas Ramanauskas -- Poland's experiences with rapid credit growth: the 1996-97 episode / Piotr Szpunar -- Fast credit growth and policy response: the case of Romania / Cristian Popa -- Slovakia: credit growth in the household sector and response to the related risks / Marek Ličák -- Too much of a good thing? Credit booms in transition economies: the cases of Bulgaria, Romania, and Ukraine / Christoph Duenwald, Nikolay Gueorguiev, and Andrea Schaechter -- Role of housing markets and foreign-owned banks in the credit expansion in Central and Eastern Europe / Dubravko Mihaljek -- Regional dimensions of dealing with rapid credit growth: perspectives from Greece (1998-2005) / Nicos Kamberoglou and Nikolaos Stavrianou -- Debt growth: factors, institutional issues and implications: the Portuguese case / Nuno Ribeiro -- Growth of private sector debt in Spain: causes and consequences / Carmen Martinez-Carrascal -- Cross-border supervisory cooperation / Karin Zartl -- Role of cross-border supervisory coordination when dealing with rapid credit growth in emerging countries: home country perspective / Linda van Goor -- Home and host supervisors' relations: a host supervisor's perspective / Piotr Bednarski and Dariusz Starnowski -- Lessons from country experiences with rapid credit growth, and policy implications / Charles Enoch and İnci Ötker-Robe |
| Summary |
Rapid credit growth has been one of the most pervasive developments in recent years in Central and Eastern Europe. The benefits of this growth are unquestioned, but so are the potential risks. While rapid credit growth is generally recognized as a potentially serious problem, there is deep uncertainty about how to tackle it. Assessing credit growth and developing appropriate policy responses continues to occupy the minds of policymakers in many of these countries and in the international organizations where this topic has been a major focus of attention for research and policymaking. This book puts together a number of revised and edited contributions that derive largely from presentations at an October 2005 conference organized jointly by the National Bank of Romania and the IMF. The objectives of that conference, and of bringing the papers together in this book, were to provide a channel for sharing experiences and counteractive measures, and to consider how best to take policy work forward. This book offers a useful contribution to the ongoing policy debate in countries experiencing a similar phenomenon |
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This volume represents the latest developments and policy debate on the rapid growth of banking sector credit to the private sector, which continues to occupy the minds of academics and policymakers alike in many Central and Eastern European (CEE) countries. The papers, presented by the representatives of international organizations and monetary and supervisory authorities of a number of Western and CEE countries, provide discussions on how to assess and respond to excessive credit growth. Case studies represent the challenges faced by policymakers in dealing with rapid credit growth, providing useful lessons for other countries experiencing a similar phenomenon.--Publisher's description |
| Bibliography |
Includes bibliographical references and index |
| Notes |
English |
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Print version record |
| Subject |
Credit control -- Europe, Eastern
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Credit control -- Europe, Central
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Credit control -- Former Soviet republics
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Credit & credit institutions -- Europe.
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BUSINESS & ECONOMICS -- Finance.
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Finance and Accounting.
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Credit control
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Kreditvolumen
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Kreditkontrolle
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Kredietverlening.
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Central Europe
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Eastern Europe
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Soviet Union -- Former Soviet republics
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Osteuropa
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Oost-Europa.
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GOS.
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| Form |
Electronic book
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| Author |
Enoch, Charles
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Ötker, İnci
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| ISBN |
9781137001542 |
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1137001542 |
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0230521517 |
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9780230521513 |
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