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Determinants of Bank Credit in Emerging Market Economies [electronic resource] Stepanyan, Vahram.

Author/Creator:
Stepanyan, Vahram.
Publication:
Washington, D.C. : International Monetary Fund, 2011.
Format/Description:
Government document
Book
1 online resource (20 p.)
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 11/51.
IMF Working Papers; Working Paper No. 11/51
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Local subjects:
Bank credit. (search)
Bank for international settlements. (search)
Bank lending. (search)
Bank representatives. (search)
Banking. (search)
Banking sector. (search)
Banks. (search)
Country comparison. (search)
Credit. (search)
Credit boom. (search)
Credit booms. (search)
Credit expansion. (search)
Economic growth. (search)
Emerging markets. (search)
Financial crisis. (search)
Financial deepening. (search)
Financial Markets and the Macroeconomy. (search)
Global financial crisis. (search)
Money Multipliers. (search)
Money Supply. (search)
Mortgages. (search)
Other Depository Institutions. (search)
Post-crisis period. (search)
Post-crisis periods. (search)
Pre-crisis. (search)
Bulgaria. (search)
Costa Rica. (search)
Czech Republic. (search)
Estonia. (search)
Georgia. (search)
Israel. (search)
Jamaica. (search)
Korea, Republic of. (search)
Malaysia. (search)
Philippines. (search)
Romania. (search)
Saint Lucia. (search)
Vietnam. (search)
Summary:
We examine changes in bank credit across a wide range of emerging market economies during the last decade. The rich time-series and cross-section information allows us to draw broader lessons compared to many existing researches, which focus on a specific set of emerging market economies or on shorter time periods. Our results show that domestic and foreign funding contribute positively and symmetrically to credit growth. The results also indicate that stronger economic growth leads to higher credit growth, and high inflation, while increasing nominal credit, is detrimental to real credit growth. We also find that loose monetary conditions, either domestic or global, result in more credit, and that the health of the banking sector also matters. Finally, we discuss some policy lessons.
Notes:
Description based on print version record.
Contributor:
Guo, Kai.
Stepanyan, Vahram.
Other format:
Print Version:
ISBN:
1455218030:
9781455218035
ISSN:
1018-5941
Publisher Number:
10.5089/9781455218035.001
Access Restriction:
Restricted for use by site license.