European Parliament Library

Recent Credit Stagnation in the Mena Region :, What to Expect? What Can Be Done?, Ralph Chami, Raphael Espinoza, Adolfo Barajas, Heiko Hesse

This paper examines the recent credit slowdown among Middle Eastern and North African (MENA) countries from three analytical angles. First, it finds that, similar to other regions and to its past history, a credit boom preceded the current slowdown, and that a protracted period of sluggish growth is likely going forward. Second, it uncovers a key role played by bank funding (deposit growth and external borrowing slowed considerably) but whose effect was frequently dampened by expansionary monetary policy. Third, bank-level fundamentals - capitalization and loan quality - helped to explain differences in credit growth across banks and countries
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. Recent Declines in Real Credit Growth; II. The Recent Credit Cycle in Historical and International Perspective; 2. Magnitude of Recent Credit Expansions in MENA Countries in Comparison to other Regions; 3. Frequency of Credit Booms Throughout the World, 1983-2008; 4. Boom Frequency over Time; 5. MENA: Credit Behavior Surrounding Booms; III. Anatomy of the MENA Credit Slowdown; 1. Balance Sheet Decomposition of Changes in Credit Growth in the MENA Region; 2. MENA Countries-Regressions for Bank-Level Loan Growth
Literary Form
non fiction
"September 2010."
Physical Description
1 online resource (36 p.)
Specific Material Designation
Form Of Item

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