IMF paper on foreign credit expansion in European EMEs
An International Monetary Fund paper, published on Thursday, examines the impact of foreign credit growth on emerging European economies in the run-up to the financial crisis.
Kai Guo and Vahram Stepanyan, the paper's authors, compare credit growth levels in Romania, Latvia, Bulgaria, Lithuania, Estonia Hungary, Poland, and the Czech Republic during both pre- and post-crisis periods to outline the impact of the crisis on the main determinants of bank credit in each country.
Guo and Stepanyan
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