The Credit Boom in the EU New Member States : Bad Luck or Bad Policies?
In the past decade, most of the EU New Member States experienced a severe credit-boom bust cycle. This paper argues that the credit boom-bust cycle was to a large extent the result of factors external to the region ('bad luck'). Rapid credit growth followed from a high liquidity in global...
| Institution som forfatter: | |
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| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
2010.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2010/130 |
| Online adgang: | Full text available on IMF |