From credit growth to credit crunch: Analysis of responses to credit development in CEE region
|Author:||Mgr. Martina Jašová|
|Year:||2011 - summer|
|Leaders:|| doc. PhDr. Adam Geršl Ph.D.
|Work type:|| Finance, Financial Markets and Banking
|Awards and prizes:||M.A. with distinction from the Dean of the Faculty of Social Sciences for an excellent state-final examination performance and for an extraordinarily good masters diploma thesis.|
|Abstract:||This thesis analyzes policy measures taken to curb the private sector credit
growth in the period 2003-08. The thesis evaluates the excessiveness of the
credit development in the CEE with respect to macroeconomic fundamentals.
Based on the results, menu of policy options to counter adverse eects of the
credit boom is reviewed. The analysis is based on a survey performed on eleven
central banks in the region. The ndings reveal high intensity of policy intervention:
altogether 82 measures were taken in CEE in the period. Deriving
from the country experiences, the thesis argues that in order to eliminate adverse
impacts, policy measures should include combination of monetary and
prudential tools with special emphasis on domestic environment and role of
foreign banks in the CEE region.
|Downloadable:|| Diploma thesis of Jašová