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Author/Editor:
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Herzberg, Valerie
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Publication Date:
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November 01, 2010
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Electronic Access:
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Free Full text
(PDF file size is 1,253KB).
Use the free
Adobe Acrobat Reader
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
Between 2000 and 2007 nonfinancial private sector credit expanded rapidly in the Baltic countries, resulting in a non-negligible build-up of debt. Could this legacy debt hold back the economic recovery of the region? This paper analyzes the setting in each of the three countries and, with the help of an experimental Debt Overhang Index (DOI), draws tentative conclusions for domestic demand.
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Order a print copy
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Series:
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Working Paper No. 10/250
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Subject(s):
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Baltics | Credit expansion | Cross country analysis | Economic models | Economic recovery | Nonbank financial sector | Private sector | Public debt | Estonia | Latvia | Lithuania
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Author's Keyword(s):
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credit | private sector debt | Baltic economies |
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English
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Publication Date:
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November 01, 2010
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Format:
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Paper
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Stock No:
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WPIEA2010250
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Pages:
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35
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Price:
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US$18.00 )
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Please address any questions about this title to
publications@imf.org
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