Égert, Balázs; Backe, Peter; Zumer, Tina - 2021
This paper analyzes the equilibrium level of private credit to GDP in 11 Central and Eastern European countries in … order to see whether the high credit growth recently observed in some of these countries led to above equilibrium private … credit-to-GDP levels. We use estimation results obtained for a panel of small open OECD economies (out-of-sample panel) to …
