Credit and its vast growth in transition economies attracted a lot of research while less attention was given to the even faster growth of leasing and the aggregate impact of financial market segments. Applying a panel data approach over 1999-2006, we investigate the finance-growth nexus...

We investigate the role of leasing in the lending boom in Central and South Eastern Europe (CEE and SEE). We contribute by (1) providing a full picture of the financing situation in Eastern Europe, where leasing plays a more important role than elsewhere; (2) by investigating the...