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- Ali Awdeh (2017): The Determinants of Credit Growth in Lebanon
This study aims at defining the credit growth determinants in Lebanon by exploiting a panel data of 34 commercial banks over the period 2000-2015. The empirical results show that deposit growth, GDP growth, inflation, and money supply, all boost bank credit to the resident private sector. Conversely, credit risk, lending interest rate, T-bill rate, public borrowing, and remittance inflows decrease loan growth. We extend our analysis and detect the impact of one year lag of all exploited variables in order to find out if they have a delayed impact on credit growth, where we find several different results. For instance, lag LLP recorded the opposite effect of LLP; ROA does not affect credit growth, whereas its lag lowers credit growth; the impact of a change in money supply amplifies considerably after one year; and finally, the negative impact of remittances fades away after one year.
RePEc:ibn:ibrjnl:v:10:y:2017:i:2:p:9-19 Save to MyIDEAS - Małgorzata Iwanicz-Drozdowska & Bartosz Witkowski (2016): Determinants of the credit growth in CESEE countries
Although the issue of determinants of the credit growth is not new in the literature, we re-examine this issue, taking into account some novel variables, such as the crisis dummy, the financial safety net (FSN) index and the ruling party dummies. In this study we analyse the credit growth in 20 countries from Central, Eastern and South-Eastern Europe (CESEE) with a special focus on the ownership structure of banks (state-owned, owned by international development banks, foreign-owned and domestic private-owned). ... We find that banks owned by development banks are the least expansive, while state-owned banks are the most expansive in the growth of credit. Moreover, the credit growth was the highest when the ruling party is marked as ‘centrist’. The crisis does not have a negative impact on the credit growth, however, there have been not too many crisis events in CESEE countries.
RePEc:sgh:annals:i:41:y:2016:p:161-174 Save to MyIDEAS - Mirjana Palic (2007): Credit Growth in Serbia: Trend or Boom?
The paper gives an overview of the main features of credit growth in transition economies, with special emphasis on developments in Serbia. It aims to evaluate the current pace of credit growth and its potential adverse impact on macroeconomic stability. Findings of the analysis indicate that, despite strong growth in lending to the private sector, Serbia is not experiencing a credit boom, as high figures are mainly attributable to the convergence process and low starting point at the outset of transition.
RePEc:nsb:wppnbs:8 Save to MyIDEAS - Mirjana Palic (2007): Credit Growth in Serbia: Trend or Boom?
The paper gives an overview of the main features of credit growth in transition economies, with special emphasis on developments in Serbia. It aims to evaluate the current pace of credit growth and its potential adverse impact on macroeconomic stability. Findings of the analysis indicate that, despite strong growth in lending to the private sector, Serbia is not experiencing a credit boom, as high figures are mainly attributable to the convergence process and low starting point at the outset of transition.
RePEc:nsb:wpaper:8 Save to MyIDEAS - Philip Lane & Peter McQuade (2013): Domestic Credit Growth and International Capital Flows
Europe experienced substantial cross-country variation in domestic credit growth and cross-border capital flows during the pre-crisis period. We investigate the inter-relations between domestic credit growth and international capital flows over 1993-2008, with a special focus on the 2003-2008 boom period. We establish that domestic credit growth in European countries is strongly related to net debt inflows but not to net equity inflows.
RePEc:iis:dispap:iiisdp428 Save to MyIDEAS - Maja Ivanović (2016): Determinants of Credit Growth: The Case of Montenegro
In the period before the crisis, Montenegro experienced a rapid credit growth, which coincided with the privatization of several banks and was followed by the entry of foreign banking groups, amplifying the banks’ lending process and increasing competition in this sector. This paper focuses on identification and estimation of determinants of credit growth in Montenegro, exploring both demand and supply side factors, and particularly paying attention to supply factors. Our findings confirm that positive economic developments and an increase in banks’ deposit potential lead to higher credit growth. ... In addition, this paper provides a nuanced analysis of the determinants of credit growth by allowing these to be different before and after the global financial crisis. The post-crisis model finds that credit supply indicators gained in importance in explaining credit growth, while the model in pre-crisis period provides evidence that both demand and supply indicators matter in explaining credit growth.
RePEc:cbk:journl:v:5:y:2016:i:2:p:101-118 Save to MyIDEAS - Oduncu, Arif & Ermişoğlu, Ergun & Polat, Tandogan (2013): Credit Growth Volatility
In this new approach expectations, credit growth and reel exchange rate are monitored closely as key indicators for financial stability on top of price stability. The effect of this new monetary policy framework on the volatility of credit growth is the main theme of this note. To the best of our knowledge, we are the first to analyze the impact of new policy mix on the credit growth volatility. It is shown that there is a significant decrease in the volatility of credit growth after the introduction of new policy framework at late 2010. Therefore, it can be said that this new monetary policy framework contributes to financial stability in Turkey by lessening the credit growth volatility.
RePEc:pra:mprapa:49058 Save to MyIDEAS - Aleksandra Zdzienicka-Durand (2009): Vulnerabilities in Central and Eastern Europe : Credit Growth
In this work, we try to analyze the recent credit development in 11 Central and Eastern European countries and estimate the credit-to-GDP ratio equilibrium level using filtering methods and dynamic panel estimations. Our estimation findings corroborate previous fears about the rapid credit growth in the CEECs. Indeed, in many cases the credit expansion exceeds the level justified by their fundamentals or financial development. Under normal conditions, this rapid growth and even ''overshooting'' of banking credit could be considered as an adjustment to its long-term equilibrium level. However, in the actual crisis situation, this excessive credit growth can reinforce other existing disequilibria and lead to an increase in the financial vulnerability of these countries.
RePEc:hal:journl:halshs-00384566 Save to MyIDEAS - Aleksandra Zdzienicka (2009): Vulnerabilities in Central and Eastern Europe : Credit Growth
In this work, we try to analyze the recent credit development in 11 Central and Eastern European countries and estimate the credit-to-GDP ratio equilibrium level using filtering methods and dynamic panel estimations. Our estimation findings corroborate previous fears about the rapid credit growth in the CEECs. Indeed, in many cases the credit expansion exceeds the level justified by their fundamentals or financial development. Under normal conditions, this rapid growth and even "overshooting" of banking credit could be considered as an adjustment to its long-term equilibrium level. However, in the actual crisis situation, this excessive credit growth can reinforce other existing disequilibria and lead to an increase in the financial vulnerability of these countries.
RePEc:gat:wpaper:0912 Save to MyIDEAS - Adam Gerls & Martina Jasova (2012): Measures to tame credit growth: are they effective?
This paper focuses on policy measures taken to curb the private sector credit growth in the period 2003-2008. ... This paper combines direct assessment of particular central authorities and a difference-in-differences method to find out whether the measures applied were effective in slowing down the credit growth.
RePEc:fau:wpaper:wp2012_28 Save to MyIDEAS