The Boom in Household Lending in Transition Countries: A Croatian Case Study and a Cross-Country Analysis of Determinants

  • Evan Kraft


Since the mid-1990s, the transition countries of Central and South East Europe have made major strides in restructuring their banking systems.1 A wave of foreign investment in banking has occurred, resulting in foreign bank ownership of a majority of bank assets in almost all of the countries. This has also been accompanied by strengthening of banking supervision, and improvements in the legal environment. A much more competitive environment has resulted, and the quality of the banking system seems vastly improved.2


Transition Country Current Account Deficit Bank Lending Credit Growth Kyrgyz Republic 
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© Evan Kraft 2016

Authors and Affiliations

  • Evan Kraft
    • 1
  1. 1.Croatian National BankZagrebCroatia

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