Republic of Slovenia: Selected Issues

International Monetary Fund

No 2017/126, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper takes the case of Slovenia to analyze credit growth and economic recovery in Europe. The findings reveal that following the global financial crisis recovery in Slovenia significantly lags typical postrecession recoveries for both typical and financial-crisis-driven recessions. Credit dynamics have also been much more subdued. Controlling for Slovenia’s double-dip recession and the slowdown in global growth after the global financial crisis reveals that Slovenia’s recovery is not atypical. The cross-country study also finds that bank-specific factors are the key determinants of bank lending. Bank credit to the private sector also has a positive but modest impact on economic activity, mainly through the investment channel.

Keywords: ISCR; CR; export; Slovenia; GDP; bank credit growth; export category; Slovenia's export; bank credit dynamics; post GFC-recovery; goods export; Labor markets; Exports; Bank credit; Employment; Unemployment; Global; Europe; Southern Europe; Eastern Europe (search for similar items in EconPapers)
Pages: 58
Date: 2017-05-15
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2017/126

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