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220928 ||| eng |
| 020 |
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|a 9781513513294
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| 100 |
1 |
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|a Komatsuzaki, Takuji
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| 245 |
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0 |
|a Financial Conditions and Growth at Risk in the ECCU
|c Takuji Komatsuzaki, Steve Brito
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2019
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| 300 |
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|a 42 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Credit
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| 653 |
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|a Banks
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| 653 |
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|a Finance
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| 653 |
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|a Natural Disasters and Their Management
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| 653 |
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|a Financial sector policy and analysis
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| 653 |
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|a Monetary economics
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| 653 |
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|a Natural Disasters
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| 653 |
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|a Environment
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| 653 |
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|a General Financial Markets: Government Policy and Regulation
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| 653 |
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|a Climate
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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| 653 |
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|a Mortgages
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| 653 |
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|a Money
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| 653 |
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|a International Business Cycles
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| 653 |
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|a Prices, Business Fluctuations, and Cycles: Forecasting and Simulation
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| 653 |
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|a Financial markets
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| 653 |
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|a Global Warming
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| 653 |
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|a Credit bureaus
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| 653 |
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|a Financial services industry
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| 653 |
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|a Bank credit
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| 653 |
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|a Financial soundness indicators
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| 653 |
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|a Natural disasters
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Finance: General
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| 653 |
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|a Credit ratings
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| 700 |
1 |
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|a Brito, Steve
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781513513294.001
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2019/247/001.2019.issue-247-en.xml?cid=48655-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a We study the growth determinants in the Eastern Caribbean Currency Union (ECCU), using the Growth at Risk (GaR) framework with a focus on financial variables. We find that excessive bank credit growth is associated with lower future real GDP growth in the medium term especially on the low quantiles of growth distribution. Moreover, worsening of both global financial conditions and external conditions are associated with lower future growth in the short term, especially at the high quantiles of growth distribution. Country-specific results are broadly in line with ECCU-wide results, with some variation potentially due to the strong Citizenship-By-Investment program inflows and lack of credit union data. The establishment of a macroprudential framework in the ECCU would need to pay close attention to credit growth not only of banks but also credit unions and continue to monitor global and external conditions
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