Everaert, Greetje; Che, Natasha Xingyuan; Geng, Nan; … - International Monetary Fund (IMF) - 2015
. This paper analyzes the roles of demand and supply factors in explaining this credit cycle. Our analysis first focuses on a … large sample of bank-level data on credit growth for the entire CESEE region. We complement this analysis by five case … studies (Latvia, Lithuania, Montenegro, Poland, and Romania). Our results of the panel data analysis indicate that supply …