Is credit growth in central and eastern European countries excessive?
Virginie Coudert () and
Cyril Pouvelle ()
Quarterly selection of articles - Bulletin de la Banque de France, 2008, issue 13, 63-102
Annual credit growth rates of around 30% and 50% have been observed in some central, eastern and south-eastern European countries (the Baltic States, Bulgaria, Romania, Albania and Macedonia). Is this strong credit growth likely to result in a credit boom that would be detrimental to the economy? Or can it be explained by a catching-up process that is normal for countries with a low level of fi nancial intermediation at the time of their transition?.
Keywords: bank loans; convergence; catching-up. (search for similar items in EconPapers)
JEL-codes: C33 E51 G21 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
https://publications.banque-france.fr/sites/defaul ... s_13_2008-autumn.pdf (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bfr:quarte:2008:13:05
Access Statistics for this article
More articles in Quarterly selection of articles - Bulletin de la Banque de France from Banque de France Banque de France 31 Rue Croix des Petits Champs LABOLOG - 49-1404 75049 PARIS. Contact information at EDIRC.
Bibliographic data for series maintained by Michael brassart ().