Just before the 2008-09 global financial crisis, policymakers were concerned about the rapid growth of bank credit, particularly in Europe; now worry centers on a potential global credit crunch led by European banking institutions. Overall, credit conditions across Europe deteriorated markedly in late 2011. Spillover effects are being felt around the globe and imply significant channels through which deleveraging could have disruptive consequences...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2012/06/01
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Рабочий документ в рамках исследования вопросов политики
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WPS6086
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1
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1
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2012/06/01
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Disclosed
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Bank deleveraging : causes, channels, and consequences for emerging market and developing countries
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small and medium enterprise