Using Credit Subsidies to Counteract a Credit Bust : Evidence From Serbia

Evidence From Serbia

Using Credit Subsidies to Counteract a Credit Bust : Evidence From Serbia
Emerging markets are particularly vulnerable to boom-bust credit cycles, due to excessive capital flows, shallow equity markets, and companies'' high leverage and open FX positions. While the policy debate on how to respond to boom-bust credit cycles remains unsettled, it has been conjectured that credit subsidies may provide a particularly... READ MORE...

Publication date: December 2011
ISBN 9781463927196
$18.00

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