02065cas a2200277 a 4500 AALejournalIMF003680 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451861709 1018-5941 BD-DhAAL BD-DhAAL Pazarbasioglu, Ceyla. Assessing and Managing Rapid Credit Growth and the Role of Supervisory and Prudential Policies / Ceyla Pazarbasioglu, Gudrun Johnsen, Paul Hilbers, Inci Otker. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (58 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 This paper reviews trends in bank lending to the private sector, with a particular focus on Central and Eastern European countries, and finds that rapid growth of private sector credit continues to be a key challenge for most of these countries. The paper discusses possible implications for economic and financial stability and the policy options available to counter and reduce these risks. It argues that the authorities will need to focus on the implications for both the macro economy and the financial system and, depending on their assessment, may need a comprehensive policy response comprising a mix of macro and prudential policies. In particular where there are limitations to the effective use of monetary and fiscal measures, supervisory and prudential policy responses will have a key role in addressing financial stability concerns. Mode of access: Internet Hilbers, Paul. Johnsen, Gudrun. Otker, Inci. IMF Working Papers; Working Paper ; No. 2005/151 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/151/001.2005.issue-151-en.xml IMF e-Library