Rapid credit growth in Bulgaria, Romania, and Ukraine has been driven by successful macroeconomic stabilization, robust … Ukraine. Policy responses have included attempts to both moderate credit growth and offset its impact on domestic demand, with …

economic activity. Judging by the ensuing movements in commercial bank interest rates and private sector credit, monetary … credit growth. Weak credit demand and underdeveloped financial markets seem to have limited the effectiveness of monetary …

sector credit to the private sector, which continues to occupy the minds of academics and policymakers alike in many central … to excessive credit growth. Case studies represent the challenges faced by policymakers in dealing with rapid credit …

countries including ownership, concentration, cross-border linkages, balance sheet exposures and risks, recent trends in credit …

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 …

Despite robust deposit growth, credit growth has been sluggish in the Philippines. We attribute this to legacy …

This paper analyses the effect of asset prices on credit growth in France and tries to disentangle credit demand and … period, but without credit supply factors being singled out. By contrast, housing price growth has a significant effect … during periods of financial instability only, even after controlling for credit demand effects. These results show that …

This paper seeks to uncover the main drivers of credit growth in emerging Asia using a multi-country structural vector … that domestic factors are more dominant than external factors in driving rapid credit growth in emerging Asia. This is … particularly true for domestic monetary policy, which can play a pivotal role in terms of managing rapid credit growth in emerging …