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Book Cover
Author Guo, Kai, author

Title Determinants of bank credit in emerging market economies / Kai Guo and Vahram Stepanyan
Published [Washington, D.C.] : International Monetary Fund, [2011]
Online access available from:
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Description 1 online resource (21 pages) : illustrations
Series IMF working paper, 2227-8885 ; WP/11/51
IMF working paper ; WP/11/51
Contents Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Stylized Facts and Literature Review; 1. Average Credit Growth Before and After the Crisis; III. Data and Methodology; 1. Data Series and Sources; IV. Estimation Results and Robustness Checks; 2. Regression Results Under Benchmark Specification; 3. Regression Results Under Alternative Specifications; 4. Regression Results Under Alternative Specifications with Time Dummies; V. Findings and Policy Implications; 2. Decomposition of Credit Growth in EU EMEs; 3. Decomposition of Credit Growth in other European EMEs
4. Decomposition of Credit Growth in Middle East and Africa EMEs5. Decomposition of Credit Growth in Asia EMEs; 6. Decomposition of Credit Growth in Central America EMEs; 7. Decomposition of Credit Growth in South America EMEs; Pre-Crisis Sample Regressions; References; Footnotes
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
Bibliography Includes bibliographical references
Subject Bank loans -- Developing countries.
Economic development -- Developing countries.
Form Electronic book
Author Stepanyan, Vahram, author
International Monetary Fund. European Department, issuing body
ISBN 1283569140