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Credit Growth in the Middle East, North Africa, and Central Asia Region

Rapid private sector credit growth in the Middle East, North Africa, and Central Asia has been a result of strong economic growth, financial deepening, and banks’ willingness to explore consumer credit markets. Economic growth, the initial ratio of private sector credit to GDP, price volatility, and...

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Bibliographic Details
Main Author: Crowley, Joe
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2008
Series:IMF Working Papers
Subjects:
Finance, Public
Consumer Credit
Credit
Public-private Enterprises
Oil Exports
Oil
Monetary Economics
Public Enterprises
Investments: Energy
Public Sector
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Trade: General
Exports And Imports
International Economics
Petroleum Industry And Trade
Energy: General
Exports
Civil Service & Public Sector
Macroeconomics
Investment & Securities
Money And Monetary Policy
Saudi Arabia
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Rapid private sector credit growth in the Middle East, North Africa, and Central Asia has been a result of strong economic growth, financial deepening, and banks’ willingness to explore consumer credit markets. Economic growth, the initial ratio of private sector credit to GDP, price volatility, and nonoil exports are found to be significant explanatory variables, while oil exports and spillovers from oil exporting neighbors were not found to have any significance. The credit growth has financed consumer spending and home ownership rather than investment
Physical Description:60 pages
ISBN:9781451870428

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