What Drives Credit Growth in Emerging Asia? /

What Drives Credit Growth in Emerging Asia? /

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Bibliographic Details
Author / Creator:Han, Fei.
Imprint:Washington, D.C. : International Monetary Fund, 2012.
Description:1 online resource (43 pages)
Language:English
Series:IMF Working Papers ; Working Paper No. 12/43
IMF working paper ; Working Paper no. 12/43.
Subject:
Credit -- Asia -- Econometric models.
Credit -- Econometric models.
Credit -- Econometric models.
Asia.
Electronic books.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12510359
Hidden Bibliographic Details
Other authors / contributors:Elekdag, Selim.
Han, Fei.
ISBN:1463942990
9781463942991
Summary: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.
Standard no.:10.5089/9781463942991.001

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