The Credit Boom in the EU New Member States : Bad Luck or Bad Policies?

Bad Luck or Bad Policies?

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 markets and the particular attractiveness of "new Europe" READ MORE...

Publication date: May 2010
ISBN 9781455201136
$18.00

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