Rapid credit growth in Central and Eastern Europe [electronic resource] : endless boom or early warning? / edited by Charles Enoch and İnci Ötker-Robe.
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 uncertain...
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| Online Access: |
Full Text (via Springer) |
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| Other Authors: | , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
New York :
Palgrave,
2007.
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| Subjects: |
| 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. 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. |
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| Physical Description: | 1 online resource (373 pages) : illustrations. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781137001542 1137001542 0230521517 9780230521513 |
| Language: | English. |
| Source of Description, Etc. Note: | Print version record. |