01685cas a2200253 a 4500 AALejournalIMF011681 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463936440 1018-5941 BD-DhAAL BD-DhAAL Han, Fei. What Drives Credit Growth in Emerging Asia? / Fei Han, Selim Elekdag. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (43 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 seeks to uncover the main drivers of credit growth in emerging Asia using a multi-country structural vector autoregressive (SVAR) model. Taking a novel approach, we developed a two-block SVAR whereby shocks within blocks are identified using sign restrictions, whereas shocks across the blocks are identified using a recursive (block-) Cholesky structure. We find that domestic factors are more dominant than external factors in driving rapid credit growth in emerging Asia. This is particularly true for domestic monetary policy, which can play a pivotal role in terms of managing rapid credit growth in emerging Asia. Mode of access: Internet Elekdag, Selim. IMF Working Papers; Working Paper ; No. 2012/043 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/043/001.2012.issue-043-en.xml IMF e-Library