This paper analyses the equilibrium level of private credit to GDP in 11 Central and Eastern European (CEE) countries on the basis of a number of dynamic panels containing quarterly data on CEE economies, emerging markets and developed OECD countries. In doing so, we propose a unifying framework which includes both factors driving the demand for and the supply of private credit. We emphasise that relying on in-sample panel estimates for transition economies is problematic not only because of the possible upward bias, which shows up in the estimated constant and slope coe ¢ cients due to the initial undershooting and the ensuing steady adjustment towards equilibrium, but also because the equations estimated for transition economies are not s...
Excessive credit growth is often considered to be an indicator of future problems in the financial ...
Central Eastern European Countries (CEECs) went through a process of deep financial integration with...
This thesis analyzes policy measures taken to curb the private sector credit growth in the period 20...
This paper analyzes the equilibrium level of private credit to GDP in 11 Central and Eastern Europea...
This thesis focuses on the development of credit to the private sector in the Central and Eastern Eu...
This paper analyzes the equilibrium level of private credit to GDP in 11 Central and Eastern Europea...
Working Paper GATE 2009-12In this work, we try to analyze the recent credit development in 11 Centra...
Strong credit growth rates in transition countries may result from a normal catching-up process in a...
The aim of the paper is to re-assess the bank credit development in 11 Central and Eastern European ...
This paper provides an analysis of the long- and short-run determinants of domestic bank lending to ...
Credit growth rates as high as 30% or 50% a year were observed in some Central Eastern European coun...
Establishing a functional financial sector has been one of the pillars of transition to a functional...
This paper analyses the relationship between the domestic credit to GDP ratio and economic growth in...
This paper offers a classification of credit markets in transition economies. It describes a continu...
This article presents empirical estimates of bank credit procyclicality for a sample of 11 Central a...
Excessive credit growth is often considered to be an indicator of future problems in the financial ...
Central Eastern European Countries (CEECs) went through a process of deep financial integration with...
This thesis analyzes policy measures taken to curb the private sector credit growth in the period 20...
This paper analyzes the equilibrium level of private credit to GDP in 11 Central and Eastern Europea...
This thesis focuses on the development of credit to the private sector in the Central and Eastern Eu...
This paper analyzes the equilibrium level of private credit to GDP in 11 Central and Eastern Europea...
Working Paper GATE 2009-12In this work, we try to analyze the recent credit development in 11 Centra...
Strong credit growth rates in transition countries may result from a normal catching-up process in a...
The aim of the paper is to re-assess the bank credit development in 11 Central and Eastern European ...
This paper provides an analysis of the long- and short-run determinants of domestic bank lending to ...
Credit growth rates as high as 30% or 50% a year were observed in some Central Eastern European coun...
Establishing a functional financial sector has been one of the pillars of transition to a functional...
This paper analyses the relationship between the domestic credit to GDP ratio and economic growth in...
This paper offers a classification of credit markets in transition economies. It describes a continu...
This article presents empirical estimates of bank credit procyclicality for a sample of 11 Central a...
Excessive credit growth is often considered to be an indicator of future problems in the financial ...
Central Eastern European Countries (CEECs) went through a process of deep financial integration with...
This thesis analyzes policy measures taken to curb the private sector credit growth in the period 20...