Early Birds, Late Risers, and Sleeping Beauties

Released on by Ivanna Vladkova Hollar
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  • Early Birds, Late Risers, and Sleeping Beauties Book Detail

  • Author : Ivanna Vladkova Hollar
  • Release Date : 2003-11-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 66
  • ISBN 13 : 1451874960
  • File Size : 88,88 MB
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Early Birds, Late Risers, and Sleeping Beauties by Ivanna Vladkova Hollar PDF Summary

Book Description: Following a period of privatization and restructuring, commercial banks in Central and Eastern Europe and, more recently, in the Balkans have rapidly expanded their lending to the private sector. This paper describes the causes of this expansion, assesses future trends, and evaluates its policy implications. It concludes that bank credit to the private sector is likely to continue rising faster than GDP in the next few years throughout the region, picking up also in countries where so far it has been stalled. Although this growth should be regarded as a structural and positive development, policymakers will have to evaluate carefully its implications for macroeconomic developments and financial stability.

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