Foreign Banks and the Vienna Initiative : Turning Sinners Into Saints? /

We use data on 1,294 banks in Central and Eastern Europe to analyze how bank ownership and creditor coordination in the form of the Vienna Initiative affected credit growth during the 2008-09 crisis. As part of the Vienna Initiative western European banks signed country-specific commitment letters i...

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Bibliographic Details
Main Author: De Haas, Ralph
Other Authors: Korniyenko, Yevgeniya, Loukoianova, Elena, Pivovarsky, Alexander
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2012.
Series:IMF Working Papers; Working Paper ; No. 2012/117
Online Access:Full text available on IMF