01851cas a2200277 a 4500 AALejournalIMF006749 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455208845 1018-5941 BD-DhAAL BD-DhAAL Chami, Ralph. Recent Credit Stagnation in the Mena Region : What to Expect? What Can Be Done? / Ralph Chami, Raphael Espinoza, Adolfo Barajas, Heiko Hesse. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (19 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 examines the recent credit slowdown among Middle Eastern and North African (MENA) countries from three analytical angles. First, it finds that, similar to other regions and to its past history, a credit boom preceded the current slowdown, and that a protracted period of sluggish growth is likely going forward. Second, it uncovers a key role played by bank funding (deposit growth and external borrowing slowed considerably) but whose effect was frequently dampened by expansionary monetary policy. Third, bank-level fundamentals - capitalization and loan quality - helped to explain differences in credit growth across banks and countries. Mode of access: Internet Barajas, Adolfo. Espinoza, Raphael. Hesse, Heiko. IMF Working Papers; Working Paper ; No. 2010/219 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/219/001.2010.issue-219-en.xml IMF e-Library