Rapid Credit Growth in Central and Eastern Europe: Endless Boom or Early Warning?

PART I: Assessing and Managing Rapid Credit Growth in Central and Eastern Europe; C.Enoch The Causes and Nature of Rapid Growth of Bank Credit in the Central, Eastern, and South Eastern European Countries; C.Arcalean, O.Calvo-Gonzalez, C.Móré, A.van Rixtel, A.Winkler & T.Zumer Using Fundamentals to Identify Episodes of 'Excessive' Credit Growth in Central and Eastern Europe; F.Boissay, O.Calvo-Gonzalez & T.Kozluk Fast Credit Expansion in Central and Eastern Europe: Catching Up, Sustainable Financial Deepening, or Bubble?; P.Backé, B.Égert & T.Zumer Analysis of and Policy Responses to Rapid Credit Growth; P.Hilbers, I.Ötker-Robe & C.Pazarbasioglu Rapid Credit Growth - The Role of Supervisors; M.Josefsson PART II: Assessing and Managing Rapid Credit Growth - Country Experiences Credit Growth Slow Down: The Experience of Bulgaria; V.Petkova & S.Manolov Croatian Experience with Rapid Credit Growth; M.Lang Estonia's Experience with Rapid Credit Growth; R.Lättemäe Latvia's Experience with Rapid Credit Growth; U.Rutkaste Assessment of Credit Growth in Lithuania; T.Ramanauskas Poland's Experiences with Rapid Credit Growth - The 1996-1997 Episode; P.Szpunar Growth of Non-Government Credit and Macroeconomic Developments: The Case of Romania; C.Popa Slovakia: Credit Growth in the Household Sector and Response to the Related Risks; M.Licák Too Much of a Good Thing? Credit Booms in Transition Economies: The Cases of Bulgaria, Romania, and Ukraine; C.Duenwald, N.Gueorguiev & A.Schaechter PART III: Regional Dimensions of Rapid Credit Growth and Perspectives from Euro Convergence Countries The Role of Housing Markets and Foreign Owned Banks in the Credit Expansion in Central and Eastern Europe; D.Mihaljek Regional Dimensions of Dealing with Rapid Credit Growth: Perspectives from Greece, 1998-2005; N.Kamberoglou & N.Stavrianou Debt Growth: Factors, Institutional Issues and Implications - The Portuguese Case; N.Ribeiro The Growth of Private Sector Debt in Spain: Causes and Consequences; C.Martinez-Carrascal PART IV: Cross-Border Dimension: Supervisory Coordination Between Bank Supervisors Cross-Border Supervisory Cooperation; K.Zartl Home Country Perspective: The Role of Cross Border Supervisory Coordination when Dealing with Rapid Credit Growth in Emerging Countries - The Case for Cooperating Supervisors; L.van Goor Home and Host Supervisors' Relations - A Host Supervisor's Perspective; P.Bednarski & D.Starnowski PART V: Concluding Remarks Lessons from Country Experiences with Rapid Credit Growth in Europe and Policy Implications; C.Enoch & I.Ötker-Robe