Recent Credit Surge in Historical Context
Benign financing conditions since the global financial crisis and, more recently, rising financing needs have fueled a rapid increase in credit to the nonfinancial private sector, especially to the corporate sector, in emerging markets and developi...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/06/26497916/recent-credit-surge-historical-context http://hdl.handle.net/10986/24620 |
| Summary: | Benign financing conditions since the
global financial crisis and, more recently, rising financing
needs have fueled a rapid increase in credit to the
nonfinancial private sector, especially to the corporate
sector, in emerging markets and developing economies. Credit
growth has been most pronounced, and nearing the pace
associated with past credit booms, in commodity exporting
countries. In contrast, in commodity importers,
credit-to-gross domestic product ratios are elevated but
have been stable or shrinking over the past few years. That
said, in a few, mostly energy exporting, emerging and
developing countries, credit to the private sector is now
near levels that have been associated with past episodes of
financial stress. |
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