Too Much of a Good Thing? : Credit Booms in Transition Economies; The Cases of Bulgaria, Romania, and Ukraine /

Rapid credit growth in Bulgaria, Romania, and Ukraine has been driven by successful macroeconomic stabilization, robust growth, and capital inflows. While financial deepening is both expected and welcome, the recent expansions appear to have been excessive, as evidenced by widening current account d...

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Bibliographic Details
Main Author: Duenwald, Christoph
Other Authors: Gueorguiev, Nikolay, Schaechter, Andrea
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2005.
Series:IMF Working Papers; Working Paper ; No. 2005/128
Online Access:Full text available on IMF