01720cas a2200265 a 4500 AALejournalIMF008840 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451861471 1018-5941 BD-DhAAL BD-DhAAL Duenwald, Christoph. Too Much of a Good Thing? : Credit Booms in Transition Economies; The Cases of Bulgaria, Romania, and Ukraine / Christoph Duenwald, Nikolay Gueorguiev, Andrea Schaechter. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (33 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 Rapid credit growth in Bulgaria, Romania, and Ukraine has been driven by successful macroeconomic stabilization, robust growth, and capital inflows. While financial deepening is both expected and welcome, the recent expansions appear to have been excessive, as evidenced by widening current account deficits in Bulgaria and Romania, and prudential concerns in Ukraine. Policy responses have included attempts to both moderate credit growth and offset its impact on domestic demand, with mixed success thus far. Mode of access: Internet Gueorguiev, Nikolay. Schaechter, Andrea. IMF Working Papers; Working Paper ; No. 2005/128 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/128/001.2005.issue-128-en.xml IMF e-Library