Coudert, Virginie; Pouvelle, Cyril - In: European Journal of Comparative Economics 7 (2010) 1, pp. 87-120
Credit growth rates as high as 30% or 50% a year were observed in some Central Eastern European countries (CEECs) in 2006-2007, such as the Baltic States, Bulgaria or Romania. This strong credit growth could have been due to the catching-up process but could also have been excessive, paving the...