01948cas a2200265 a 4500 AALejournalIMF002642 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451874969 1018-5941 BD-DhAAL BD-DhAAL Hollar, Ivanna. Early Birds, Late Risers, and Sleeping Beauties : Bank Credit Growth to the Private Sector in Central and Eastern Europe and in the Balkans / Ivanna Hollar, Giovanni Dell'Ariccia, Carlo Cottarelli. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (65 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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 private sector is likely to continue rising faster than GDP in the next few years throughout the region, picking up also in countries where so far it has been stalled. Although this growth should be regarded as a structural and positive development, policymakers will have to evaluate carefully its implications for macroeconomic developments and financial stability. Mode of access: Internet Cottarelli, Carlo. Dell'Ariccia, Giovanni. IMF Working Papers; Working Paper ; No. 2003/213 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/213/001.2003.issue-213-en.xml IMF e-Library