TAILIEUCHUNG - Assessing and Managing Rapid Credit Growth and the Role of Supervisory and Prudential Policies

However, while this phenomenon has gained more attention over the past years, as Prasad et al. (2007) remark, this fact even seems to hold over a longer period. Over the whole period from 1970 to 2000, developing countries and emerging markets with more favourable and even positive current account positions (which implies net capital exports of these countries) have recorded higher per-capita GDP growth rates. In addition, the growth process of these capital-exporting countries has been rather capital intensive: Even though not all countries have recorded an investment to GDP ratio as high as in China, all of the fast. | WP 05 151 IMF Working Paper Assessing and Managing Rapid Credit Growth and the Role of Supervisory and Prudential Policies Paul Hilbers Inci Otker-Robe Ceyla Pazarbasioglu and Gudrun Johnsen INTERNATIONAL MONETARY FUND 2005 International Monetary Fund WP 05 151 IMF Working Paper Monetary and Financial Systems Department Assessing and Managing Rapid Credit Growth and the Role of Supervisory and Prudential Policies Prepared by Paul Hilbers Inci Otker-Robe Ceyla Pazarbasioglu and Gudrun Johnsen1 July 2005 Abstract This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author s and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author s and are published to elicit comments and to further debate. This paper reviews trends in bank lending to the private sector with a particular focus on Central and Eastern European countries and finds that rapid growth of private sector credit continues to be a key challenge for most of these countries. The paper discusses possible implications for economic and financial stability and the policy options available to counter and reduce these risks. It argues that the authorities will need to focus on the implications for both the macro economy and the financial system and depending on their assessment may need a comprehensive policy response comprising a mix of macro and prudential policies. In particular where there are limitations to the effective use of monetary and fiscal measures supervisory and prudential policy responses will have a key role in addressing financial stability concerns. JEL Classification Numbers E44 E51 G21 Keywords credit growth financial stability supervisory and prudential policies Author s E-Mail Address philbers@ iotker@ cpazarbasioglu@ gjohnsen@ 1 The authors are grateful for comments from Marta Castello-Branco Sean Craig Charles Enoch

• Ngân hàng - Tín dụng
• Essential Oils
• Chiral and Nonchiral
• GC×GC TOFMS Analysis
• Natural Compounds
• Aggregation Pheromones
• Beetles Ips shangrila
• Handbook of essentional oils
• Sources of essential oils
• Production of essential oils
• Analysis of essential oil
• Safety evaluation of essential oils
• Biological activities of essential oils
• Aromatherapy with essential oils
• Industrial uses of essential oils
• Volatile terpenes
• Essential oils used in veterinary medicine
• Essential oil plants
• Major and minor components
• Bactericidal and Fungicidal activity
• Essential oils obtained
• Chemical composition
• Melicope pteleifolia
• Antibacterial activity
• Essential oil
• Antibacterial activities of essential oils
• Essential oils from fruits
• Antifungal activity
• Antifungal activity against
• Composition of essential oils
• Essential oils of Annona Aquamosa L
• Chemical composition of essential oils
• Annona Reticulata L
• Sắc ký khí phổi phổ liên hợp
• Synergistic effect
• Antimicrobial activity
• Nisplin essential oils emulsion
• Enhancement of shelf life
• Oral diseases
• Anticariogenic activity
• Medicinally important essential oils
• Antimicrobial activity of medicinally
• In vitro anticariogenic activities
• Eucalyptus citriodora
• Ocimum gratissimum
• Essential oils of eucalyptus citriodora
• Maize helminthosporiosis
• Feed additives
• Organic acids
• Essential oils and organic acids
• Feed additive in broiler chickens
• Escherichia coli
• Staphylococcus aureus
• Pseudomonas aeruginosa
• Minimum Inhibitory Concentration
• Selected essential oils
• Luận án Tiến sĩ
• Rational exploitation
• Plant containg essential oils
• Conservation measures
• Plant oils
• Banana anthracnose
• Colletotrichum musae
• Disease reduction
• Herbicidal activity
• Tunisian Pinus radiata D Don
• Phytotoxic effects of essential oils
• The bactericidal activity
• To Aeromonas spp
• High mortality
• Aspergillus fumigatus
• Candida albicans
• Pathogenic fungi Candida albicans
• Essential oils from some plants
• Antioxidant activity
• Piper betle L
• Natural essential oils
• Comparison between QSAR simulation
• Natural sciences and technology
• The abies delaveyi franch subsp fansipanensis
• Branchs essential oil
• Abies delaveyi subsp fansipanensis
• Journal of Science and Technology
• Selective and efficient oxidation
• Constituents in essential oils
• Potassium permanganate supported copper
• Microwave irradiation and conventional heating
• Journal of Biotechnology
• Chemical composition and cytotoxic activity
• The essential oils of cymbopogon citratus L
• grown
• Phu Tho province
• The natural sources of anticancer agents
• Fumigant toxicity
• Allyl isothiocyanate
• A
• sativum
• B
• germanica
• Zataria multiflora
• Colon tumorigenesis
• Oxidative stress
• Xenobiotic metabolizing enzymes
• The contents of 20 hydroxyecdysone
• Quercetin and essential oils in asteraceae species
• Growing in Tam Dao district
• Vinh Phuc province
• Pharmaceuticals and medicinal products
• Journal of law and criminal justice
• Antimicrobial activities of essential oils
• Antimicrobial activities of plant extracts
• Prime candidates for alternate sanitizers
• Plant extracts against common foodborne pathogens in vitro
• In vitro gas production
• Methane production
• Total mixed rations
• Invitro evaluation
• Herbs containing essential oils supplementation
• Digestibility of total mixed rations