Credit Growth and Financial Stability in the Czech Republic
The Czech Republic had experienced a credit boom similar to those in other converging economies in the pre-crisis years. Nevertheless, the consequences of this credit boom were limited as was the impact of the global crisis on domestic financial in...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110822111006 http://hdl.handle.net/10986/3533 |
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okr-10986-3533 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
AMOUNT OF CREDIT AMOUNT OF LOANS ARBITRAGE ASSET PRICE ASSET PRICES ASSET QUALITY AUTONOMY BALANCE SHEETS BANK ASSETS BANK BALANCE SHEETS BANK CREDIT BANK FOR INTERNATIONAL SETTLEMENTS BANK LENDING BANK LOANS BANKING CRISES BANKING CRISIS BANKING INSTITUTIONS BANKING SECTOR BANKING SECTOR ASSETS BANKING SECTOR DEVELOPMENTS BANKING SERVICES BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BANKS BUSINESS CYCLE CAPACITY CONSTRAINTS CAPITAL ADEQUACY CAPITAL INFLOWS CAPITAL REQUIREMENTS CAPITALIZATION CDS CENTRAL BANKING CENTRAL BANKS COMMERCIAL BANKS CONSOLIDATION CREDIT BOOM CREDIT BOOMS CREDIT EXPANSION CREDIT GROWTH CREDIT LOSSES CREDIT QUALITY CREDIT RISK CREDIT SPREADS CREDIT SYSTEM CREDITOR CURRENCY CRISES CURRENCY MISMATCHES CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS DEBT DEBT LEVELS DEBT RATIO DEBT SERVICING DEBT SERVICING COSTS DEBTS DEFAULT RATE DEFAULT RATES DEFICITS DEPOSIT DEPOSITS DOMESTIC BANK DOMESTIC BANKING DOMESTIC BANKING SECTOR DOMESTIC BANKS DOMESTIC CREDIT DOMESTIC CURRENCY DOMESTIC FINANCIAL INSTITUTIONS DOMESTIC INTEREST RATES DOMESTIC SAVINGS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC MODEL EMERGING ECONOMIES EMERGING ECONOMY EMERGING MARKET EMERGING MARKET ECONOMY EMERGING MARKETS EUROPEAN CENTRAL BANK EXPORT REVENUES EXPORTERS EXPOSURE EXTERNAL FINANCING EXTERNAL POSITION FINANCIAL ASSETS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTABILITY FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL RISKS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STABILITY OBJECTIVE FINANCIAL STABILITY POLICIES FINANCIAL STRESS FINANCIAL STRUCTURE FINANCIAL SYSTEM FIXED EXCHANGE RATE FIXED EXCHANGE RATES FLOATING EXCHANGE RATE FOREIGN BANKS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN CURRENCY LENDING FOREIGN CURRENCY LOANS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN EXCHANGE RISK FOREIGN FUNDS FOREIGN INTEREST FOREIGN INTEREST RATES GLOBALIZATION GOVERNMENT DEBT GOVERNMENT GUARANTEES GROSS DOMESTIC PRODUCT GROWTH RATES HOLDINGS HOUSEHOLD INCOME HOUSING INDEBTED COUNTRIES INDEBTEDNESS INFLATION INFLATIONARY PRESSURES INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL INVESTORS INVENTORY INVESTMENT PROJECTS LABOR UNIONS LENDER LENDER OF LAST RESORT LENDING INSTITUTIONS LEVEL OF DEBT LEVEL OF RISK LIQUID ASSETS LIQUIDITY LIQUIDITY RISK LOAN LOAN DEMAND LOAN PORTFOLIO LOAN PORTFOLIOS LOCAL BANKS LOCAL BUSINESS LOCAL MARKETS LOOSE MONETARY POLICY MACROECONOMIC DATA MACROECONOMIC ENVIRONMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MACROECONOMIC VARIABLES MARKET LIQUIDITY MARKET MAKER MARKET SUPERVISION MARKET_SUPERVISION MATURITY MATURITY TRANSFORMATIONS MONETARY CONTROL MONETARY FUND MONETARY POLICIES MONETARY POLICY MONEY SUPPLY MORTGAGES NONPERFORMING LOANS NPL OPEN ECONOMIES OPEN ECONOMY OUTPUT LOSSES POLICY RESPONSE PORTFOLIO POST-CRISIS PERIOD PRIVATE BANKING PRIVATE CREDIT PRIVATE LOANS PRIVATE SECTOR CREDIT PRIVATIZATION PROBLEM LOANS PROFITABILITY PRUDENTIAL REGULATION PRUDENTIAL SUPERVISION PURCHASING POWER REAL EXCHANGE RATE REAL INTEREST REAL INTEREST RATE RECESSION RESERVE RESERVE REQUIREMENTS RISK EXPOSURES SALES OF ASSETS SAVINGS SECURITIES SHORT-TERM BONDS SHORT-TERM INTEREST RATES STATE BANKS STOCK MARKET STOCKS STRATEGIC INVESTORS SUBSIDIARIES SUPERVISION OF BANKS SUPERVISORY AGENCIES SUPERVISORY AUTHORITY SYSTEMIC RISK TAX TAXATION TIER 1 CAPITAL TRANSPORT WAGES WARRANTS WITHDRAWAL |
| spellingShingle |
AMOUNT OF CREDIT AMOUNT OF LOANS ARBITRAGE ASSET PRICE ASSET PRICES ASSET QUALITY AUTONOMY BALANCE SHEETS BANK ASSETS BANK BALANCE SHEETS BANK CREDIT BANK FOR INTERNATIONAL SETTLEMENTS BANK LENDING BANK LOANS BANKING CRISES BANKING CRISIS BANKING INSTITUTIONS BANKING SECTOR BANKING SECTOR ASSETS BANKING SECTOR DEVELOPMENTS BANKING SERVICES BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BANKS BUSINESS CYCLE CAPACITY CONSTRAINTS CAPITAL ADEQUACY CAPITAL INFLOWS CAPITAL REQUIREMENTS CAPITALIZATION CDS CENTRAL BANKING CENTRAL BANKS COMMERCIAL BANKS CONSOLIDATION CREDIT BOOM CREDIT BOOMS CREDIT EXPANSION CREDIT GROWTH CREDIT LOSSES CREDIT QUALITY CREDIT RISK CREDIT SPREADS CREDIT SYSTEM CREDITOR CURRENCY CRISES CURRENCY MISMATCHES CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS DEBT DEBT LEVELS DEBT RATIO DEBT SERVICING DEBT SERVICING COSTS DEBTS DEFAULT RATE DEFAULT RATES DEFICITS DEPOSIT DEPOSITS DOMESTIC BANK DOMESTIC BANKING DOMESTIC BANKING SECTOR DOMESTIC BANKS DOMESTIC CREDIT DOMESTIC CURRENCY DOMESTIC FINANCIAL INSTITUTIONS DOMESTIC INTEREST RATES DOMESTIC SAVINGS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC MODEL EMERGING ECONOMIES EMERGING ECONOMY EMERGING MARKET EMERGING MARKET ECONOMY EMERGING MARKETS EUROPEAN CENTRAL BANK EXPORT REVENUES EXPORTERS EXPOSURE EXTERNAL FINANCING EXTERNAL POSITION FINANCIAL ASSETS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTABILITY FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL RISKS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STABILITY OBJECTIVE FINANCIAL STABILITY POLICIES FINANCIAL STRESS FINANCIAL STRUCTURE FINANCIAL SYSTEM FIXED EXCHANGE RATE FIXED EXCHANGE RATES FLOATING EXCHANGE RATE FOREIGN BANKS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN CURRENCY LENDING FOREIGN CURRENCY LOANS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN EXCHANGE RISK FOREIGN FUNDS FOREIGN INTEREST FOREIGN INTEREST RATES GLOBALIZATION GOVERNMENT DEBT GOVERNMENT GUARANTEES GROSS DOMESTIC PRODUCT GROWTH RATES HOLDINGS HOUSEHOLD INCOME HOUSING INDEBTED COUNTRIES INDEBTEDNESS INFLATION INFLATIONARY PRESSURES INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL INVESTORS INVENTORY INVESTMENT PROJECTS LABOR UNIONS LENDER LENDER OF LAST RESORT LENDING INSTITUTIONS LEVEL OF DEBT LEVEL OF RISK LIQUID ASSETS LIQUIDITY LIQUIDITY RISK LOAN LOAN DEMAND LOAN PORTFOLIO LOAN PORTFOLIOS LOCAL BANKS LOCAL BUSINESS LOCAL MARKETS LOOSE MONETARY POLICY MACROECONOMIC DATA MACROECONOMIC ENVIRONMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MACROECONOMIC VARIABLES MARKET LIQUIDITY MARKET MAKER MARKET SUPERVISION MARKET_SUPERVISION MATURITY MATURITY TRANSFORMATIONS MONETARY CONTROL MONETARY FUND MONETARY POLICIES MONETARY POLICY MONEY SUPPLY MORTGAGES NONPERFORMING LOANS NPL OPEN ECONOMIES OPEN ECONOMY OUTPUT LOSSES POLICY RESPONSE PORTFOLIO POST-CRISIS PERIOD PRIVATE BANKING PRIVATE CREDIT PRIVATE LOANS PRIVATE SECTOR CREDIT PRIVATIZATION PROBLEM LOANS PROFITABILITY PRUDENTIAL REGULATION PRUDENTIAL SUPERVISION PURCHASING POWER REAL EXCHANGE RATE REAL INTEREST REAL INTEREST RATE RECESSION RESERVE RESERVE REQUIREMENTS RISK EXPOSURES SALES OF ASSETS SAVINGS SECURITIES SHORT-TERM BONDS SHORT-TERM INTEREST RATES STATE BANKS STOCK MARKET STOCKS STRATEGIC INVESTORS SUBSIDIARIES SUPERVISION OF BANKS SUPERVISORY AGENCIES SUPERVISORY AUTHORITY SYSTEMIC RISK TAX TAXATION TIER 1 CAPITAL TRANSPORT WAGES WARRANTS WITHDRAWAL Frait, Jan Gersl, Adam Seidler, Jakub Credit Growth and Financial Stability in the Czech Republic |
| geographic_facet |
Europe and Central Asia Europe and Central Asia Europe Eastern Europe Czech Republic |
| relation |
Policy Research working paper ; no. WPS 5771 |
| description |
The Czech Republic had experienced a
credit boom similar to those in other converging economies
in the pre-crisis years. Nevertheless, the consequences of
this credit boom were limited as was the impact of the
global crisis on domestic financial institutions. This paper
describes the developments in the Czech banking sector and
explains how the tough macroeconomic environment in the
Czech Republic acted as a strong tool of macroprudential
policy. It concludes that although it is difficult to tame
credit booms in small converging economies, a concerted set
of microprudential and macroprudential measures, including
monetary and fiscal ones, may ensure some success. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Frait, Jan Gersl, Adam Seidler, Jakub |
| author_facet |
Frait, Jan Gersl, Adam Seidler, Jakub |
| author_sort |
Frait, Jan |
| title |
Credit Growth and Financial Stability in the Czech Republic |
| title_short |
Credit Growth and Financial Stability in the Czech Republic |
| title_full |
Credit Growth and Financial Stability in the Czech Republic |
| title_fullStr |
Credit Growth and Financial Stability in the Czech Republic |
| title_full_unstemmed |
Credit Growth and Financial Stability in the Czech Republic |
| title_sort |
credit growth and financial stability in the czech republic |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110822111006 http://hdl.handle.net/10986/3533 |
| _version_ |
1764387155498500096 |
| spelling |
okr-10986-35332021-04-23T14:02:10Z Credit Growth and Financial Stability in the Czech Republic Frait, Jan Gersl, Adam Seidler, Jakub AMOUNT OF CREDIT AMOUNT OF LOANS ARBITRAGE ASSET PRICE ASSET PRICES ASSET QUALITY AUTONOMY BALANCE SHEETS BANK ASSETS BANK BALANCE SHEETS BANK CREDIT BANK FOR INTERNATIONAL SETTLEMENTS BANK LENDING BANK LOANS BANKING CRISES BANKING CRISIS BANKING INSTITUTIONS BANKING SECTOR BANKING SECTOR ASSETS BANKING SECTOR DEVELOPMENTS BANKING SERVICES BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BANKS BUSINESS CYCLE CAPACITY CONSTRAINTS CAPITAL ADEQUACY CAPITAL INFLOWS CAPITAL REQUIREMENTS CAPITALIZATION CDS CENTRAL BANKING CENTRAL BANKS COMMERCIAL BANKS CONSOLIDATION CREDIT BOOM CREDIT BOOMS CREDIT EXPANSION CREDIT GROWTH CREDIT LOSSES CREDIT QUALITY CREDIT RISK CREDIT SPREADS CREDIT SYSTEM CREDITOR CURRENCY CRISES CURRENCY MISMATCHES CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS DEBT DEBT LEVELS DEBT RATIO DEBT SERVICING DEBT SERVICING COSTS DEBTS DEFAULT RATE DEFAULT RATES DEFICITS DEPOSIT DEPOSITS DOMESTIC BANK DOMESTIC BANKING DOMESTIC BANKING SECTOR DOMESTIC BANKS DOMESTIC CREDIT DOMESTIC CURRENCY DOMESTIC FINANCIAL INSTITUTIONS DOMESTIC INTEREST RATES DOMESTIC SAVINGS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC MODEL EMERGING ECONOMIES EMERGING ECONOMY EMERGING MARKET EMERGING MARKET ECONOMY EMERGING MARKETS EUROPEAN CENTRAL BANK EXPORT REVENUES EXPORTERS EXPOSURE EXTERNAL FINANCING EXTERNAL POSITION FINANCIAL ASSETS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTABILITY FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL RISKS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STABILITY OBJECTIVE FINANCIAL STABILITY POLICIES FINANCIAL STRESS FINANCIAL STRUCTURE FINANCIAL SYSTEM FIXED EXCHANGE RATE FIXED EXCHANGE RATES FLOATING EXCHANGE RATE FOREIGN BANKS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN CURRENCY LENDING FOREIGN CURRENCY LOANS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN EXCHANGE RISK FOREIGN FUNDS FOREIGN INTEREST FOREIGN INTEREST RATES GLOBALIZATION GOVERNMENT DEBT GOVERNMENT GUARANTEES GROSS DOMESTIC PRODUCT GROWTH RATES HOLDINGS HOUSEHOLD INCOME HOUSING INDEBTED COUNTRIES INDEBTEDNESS INFLATION INFLATIONARY PRESSURES INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL INVESTORS INVENTORY INVESTMENT PROJECTS LABOR UNIONS LENDER LENDER OF LAST RESORT LENDING INSTITUTIONS LEVEL OF DEBT LEVEL OF RISK LIQUID ASSETS LIQUIDITY LIQUIDITY RISK LOAN LOAN DEMAND LOAN PORTFOLIO LOAN PORTFOLIOS LOCAL BANKS LOCAL BUSINESS LOCAL MARKETS LOOSE MONETARY POLICY MACROECONOMIC DATA MACROECONOMIC ENVIRONMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MACROECONOMIC VARIABLES MARKET LIQUIDITY MARKET MAKER MARKET SUPERVISION MARKET_SUPERVISION MATURITY MATURITY TRANSFORMATIONS MONETARY CONTROL MONETARY FUND MONETARY POLICIES MONETARY POLICY MONEY SUPPLY MORTGAGES NONPERFORMING LOANS NPL OPEN ECONOMIES OPEN ECONOMY OUTPUT LOSSES POLICY RESPONSE PORTFOLIO POST-CRISIS PERIOD PRIVATE BANKING PRIVATE CREDIT PRIVATE LOANS PRIVATE SECTOR CREDIT PRIVATIZATION PROBLEM LOANS PROFITABILITY PRUDENTIAL REGULATION PRUDENTIAL SUPERVISION PURCHASING POWER REAL EXCHANGE RATE REAL INTEREST REAL INTEREST RATE RECESSION RESERVE RESERVE REQUIREMENTS RISK EXPOSURES SALES OF ASSETS SAVINGS SECURITIES SHORT-TERM BONDS SHORT-TERM INTEREST RATES STATE BANKS STOCK MARKET STOCKS STRATEGIC INVESTORS SUBSIDIARIES SUPERVISION OF BANKS SUPERVISORY AGENCIES SUPERVISORY AUTHORITY SYSTEMIC RISK TAX TAXATION TIER 1 CAPITAL TRANSPORT WAGES WARRANTS WITHDRAWAL The Czech Republic had experienced a credit boom similar to those in other converging economies in the pre-crisis years. Nevertheless, the consequences of this credit boom were limited as was the impact of the global crisis on domestic financial institutions. This paper describes the developments in the Czech banking sector and explains how the tough macroeconomic environment in the Czech Republic acted as a strong tool of macroprudential policy. It concludes that although it is difficult to tame credit booms in small converging economies, a concerted set of microprudential and macroprudential measures, including monetary and fiscal ones, may ensure some success. 2012-03-19T18:04:09Z 2012-03-19T18:04:09Z 2011-08-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110822111006 http://hdl.handle.net/10986/3533 English Policy Research working paper ; no. WPS 5771 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper Europe and Central Asia Europe and Central Asia Europe Eastern Europe Czech Republic |