Laidroo, Laivi; Männasoo, Kadri - In: Baltic journal of economics 14 (2014) 1/2, pp. 17-34
We investigate the association between banks' credit expansion and loan loss reserves on a panel of banks from 11 new EU member countries from Central and Eastern Europe during 2004-2010. Unused committed credit lines capture the decline in banks' risk aversion being associated with a supply...