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Early Birds, Late Risers, and Sleeping Beauties : Bank Credit Growth to the Private Sector in Central and Eastern Europe and in the Balkans
Bank Credit Growth to the Private Sector in Central and Eastern Europe and in the Balkans

Following a period of privatization and restructuring, commercial banks in Central and Eastern Europe and, more recently, in the Balkans have rapidly expanded their lending to the private sector. This paper describes the causes of this expansion, assesses future trends, and evaluates its policy implications. It concludes that bank credit to the...
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