In the past decade, most of the EU New Member States experienced a severe credit-boom bust cycle. This paper argues … that the credit boom-bust cycle was to a large extent the result of factors external to the region (“bad luck”). Rapid … credit growth followed from a high liquidity in global markets and the particular attractiveness of “new Europe” for capital …

loans are. The chapter is organized as follows: section II.B discusses credit developments in the last decade and factors …-country experiences with policy responses to rapid credit growth of foreign currency credit and discuss recent policy measures taken in …

procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have … new cross-country evidence on how they influence real private bank credit growth. Our results show that these instruments …

This paper is an analysis of Japan’s credit channel. The economic condition has no hindrance, but credit demand showed … aspects act as an impediment to credit control. The Executive Board expects restructuring of financial policies in government … this paper as a study of Japan’s thoughts in an efficient route to credit boom …