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

The Cases of Bulgaria, Romania, and Ukraine

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 deficits in Bulgaria and Romania, and prudential READ MORE...

Publication date: June 2005
ISBN 9781451861471
$15.00

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