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Private-Sector Credit in Central and Eastern Europe: New (Over) Shooting Stars?

  • Balázs Égert
  • Peter Backé
  • Tina Zumer

Abstract

The emerging literature on credit growth in transition economies has documented that lending to the private sector has recently grown dynamically in a number of transition economies.2 This can be attributed to a number of factors, including macroeconomic stabilization, comprehensive reforms and privatization in the financial sector, the introduction of market institutions and legal reforms. However, given the size of the recent boom in bank lending in Central and Eastern Europe (CEE) some commentators have questioned whether the growth rates recorded in these countries can be viewed as sustainable in the medium to long run.

Keywords

Housing Price Euro Area Transition Economy Bank Credit Financial Liberalization 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Balázs Égert, Peter Backé and Tina Zumer 2016

Authors and Affiliations

  • Balázs Égert
    • 1
    • 2
  • Peter Backé
    • 3
  • Tina Zumer
    • 4
  1. 1.Oesterreichische NationalbankAustria
  2. 2.William Davidson InstituteEconomiX at University of Paris X-NanterreFrance
  3. 3.Oesterreichische NationalbankFrance
  4. 4.European Central BankFrance

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