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What Drives Credit Growth in Emerging Asia?
By:Mr. Fei Han,Selim Elekdag
Published on 2012-02-01 by International Monetary Fund

This paper seeks to uncover the main drivers of credit growth in emerging Asia using a multi-country structural vector autoregressive (SVAR) model. Taking a novel approach, we developed a two-block SVAR whereby shocks within blocks are identified using sign restrictions, whereas shocks across the blocks are identified using a recursive (block-) Cholesky structure. We find that domestic factors are more dominant than external factors in driving rapid credit growth in emerging Asia. This is particularly true for domestic monetary policy, which can play a pivotal role in terms of managing rapid credit growth in emerging Asia.

This Book was ranked at 23 by Google Books for keyword Credit channel.

Book ID of What Drives Credit Growth in Emerging Asia?'s Books is 7r_uy3-dGC8C, Book which was written byMr. Fei Han,Selim Elekdaghave ETAG "GaKTgMx1KDo"

Book which was published by International Monetary Fund since 2012-02-01 have ISBNs, ISBN 13 Code is 9781463942991 and ISBN 10 Code is 1463942990

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Book which have "43 Pages" is Printed at BOOK under CategoryBusiness and Economics

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