02001cas a2200253 a 4500 AALejournalIMF015910 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513513294 1018-5941 BD-DhAAL BD-DhAAL Komatsuzaki, Takuji. Financial Conditions and Growth at Risk in the ECCU / Takuji Komatsuzaki, Steve Brito. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (42 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 We study the growth determinants in the Eastern Caribbean Currency Union (ECCU), using the Growth at Risk (GaR) framework with a focus on financial variables. We find that excessive bank credit growth is associated with lower future real GDP growth in the medium term especially on the low quantiles of growth distribution. Moreover, worsening of both global financial conditions and external conditions are associated with lower future growth in the short term, especially at the high quantiles of growth distribution. Country-specific results are broadly in line with ECCU-wide results, with some variation potentially due to the strong Citizenship-By-Investment program inflows and lack of credit union data. The establishment of a macroprudential framework in the ECCU would need to pay close attention to credit growth not only of banks but also credit unions and continue to monitor global and external conditions. Mode of access: Internet Brito, Steve. IMF Working Papers; Working Paper ; No. 2019/247 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/247/001.2019.issue-247-en.xml IMF e-Library