European Parliament Library

Too Much of a Good Thing? Credit Booms in Transition Economies :, The Cases of Bulgaria, Romania, and Ukraine, Christoph Duenwald, Nikolay Gueorguiev, Andrea Schaechter

Abstract
Rapid credit growth in Bulgaria, Romania, and Ukraine has been driven by successful macroeconomic stabilization, robust growth, and capital inflows. While financial deepening is both expected and welcome, the recent expansions appear to have been excessive, as evidenced by widening current account deficits in Bulgaria and Romania, and prudential concerns in Ukraine. Policy responses have included attempts to both moderate credit growth and offset its impact on domestic demand, with mixed success thus far
Table Of Contents
""Contents""; ""I. INTRODUCTION ""; ""II. CAUSES AND CHARACTERISTICS OF THE CREDIT BOOMS""; ""III. OPPORTUNITIES AND RISKS ""; ""IV. POLICY OPTIONS AND AUTHORITIES� RESPONSES ""; ""V. CONCLUDING REMARKS""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (33 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781283517720

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