01797cas a2200253 a 4500 AALejournalIMF006018 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451873276 1018-5941 BD-DhAAL BD-DhAAL Khamis, May. Credit Growth in Sub-Saharan Africa-Sources, Risks, and Policy Responses / May Khamis, Plamen Iossifov. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (29 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 In this paper, we analyze credit growth in Sub-Saharan Africa over the past decade focusing on the post-2002 rapid credit growth in select countries. We develop regression models of the fundamental determinants of bank credit and use them to examine whether they can fully explain developments in rapid credit growth countries. We then argue that rapid credit expansion, whether a manifestation of a credit boom or driven by fundamentals, can give rise to prudential and macroeconomic risks. We detail these risks and discuss the choice of policies to mitigate them. We conclude by evaluating the likely impact of the ongoing global recession and financial crisis on credit growth in Sub-Saharan Africa. Mode of access: Internet Iossifov, Plamen. IMF Working Papers; Working Paper ; No. 2009/180 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/180/001.2009.issue-180-en.xml IMF e-Library