Credit Growth and Financial Stability in the Czech Republic

Frait, Jan; Gersl, Adam; Seidler, Jakub

dc.creator	Frait, Jan
dc.creator	Gersl, Adam
dc.creator	Seidler, Jakub
dc.date	2012-03-19T18:04:09Z
dc.date	2012-03-19T18:04:09Z
dc.date	2011-08-01
dc.date.accessioned	2023-02-17T20:58:44Z
dc.date.available	2023-02-17T20:58:44Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110822111006
dc.identifier	http://hdl.handle.net/10986/3533
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/244497
dc.description	The Czech Republic had experienced a credit boom similar to those in other converging economies in the pre-crisis years. Nevertheless, the consequences of this credit boom were limited as was the impact of the global crisis on domestic financial institutions. This paper describes the developments in the Czech banking sector and explains how the tough macroeconomic environment in the Czech Republic acted as a strong tool of macroprudential policy. It concludes that although it is difficult to tame credit booms in small converging economies, a concerted set of microprudential and macroprudential measures, including monetary and fiscal ones, may ensure some success.
dc.language	English
dc.relation	Policy Research working paper ; no. WPS 5771
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	AMOUNT OF CREDIT
dc.subject	AMOUNT OF LOANS
dc.subject	ARBITRAGE
dc.subject	ASSET PRICE
dc.subject	ASSET PRICES
dc.subject	ASSET QUALITY
dc.subject	AUTONOMY
dc.subject	BALANCE SHEETS
dc.subject	BANK ASSETS
dc.subject	BANK BALANCE SHEETS
dc.subject	BANK CREDIT
dc.subject	BANK FOR INTERNATIONAL SETTLEMENTS
dc.subject	BANK LENDING
dc.subject	BANK LOANS
dc.subject	BANKING CRISES
dc.subject	BANKING CRISIS
dc.subject	BANKING INSTITUTIONS
dc.subject	BANKING SECTOR
dc.subject	BANKING SECTOR ASSETS
dc.subject	BANKING SECTOR DEVELOPMENTS
dc.subject	BANKING SERVICES
dc.subject	BANKING SUPERVISION
dc.subject	BANKING SYSTEM
dc.subject	BANKING SYSTEMS
dc.subject	BANKS
dc.subject	BUSINESS CYCLE
dc.subject	CAPACITY CONSTRAINTS
dc.subject	CAPITAL ADEQUACY
dc.subject	CAPITAL INFLOWS
dc.subject	CAPITAL REQUIREMENTS
dc.subject	CAPITALIZATION
dc.subject	CDS
dc.subject	CENTRAL BANKING
dc.subject	CENTRAL BANKS
dc.subject	COMMERCIAL BANKS
dc.subject	CONSOLIDATION
dc.subject	CREDIT BOOM
dc.subject	CREDIT BOOMS
dc.subject	CREDIT EXPANSION
dc.subject	CREDIT GROWTH
dc.subject	CREDIT LOSSES
dc.subject	CREDIT QUALITY
dc.subject	CREDIT RISK
dc.subject	CREDIT SPREADS
dc.subject	CREDIT SYSTEM
dc.subject	CREDITOR
dc.subject	CURRENCY CRISES
dc.subject	CURRENCY MISMATCHES
dc.subject	CURRENT ACCOUNT DEFICIT
dc.subject	CURRENT ACCOUNT DEFICITS
dc.subject	DEBT
dc.subject	DEBT LEVELS
dc.subject	DEBT RATIO
dc.subject	DEBT SERVICING
dc.subject	DEBT SERVICING COSTS
dc.subject	DEBTS
dc.subject	DEFAULT RATE
dc.subject	DEFAULT RATES
dc.subject	DEFICITS
dc.subject	DEPOSIT
dc.subject	DEPOSITS
dc.subject	DOMESTIC BANK
dc.subject	DOMESTIC BANKING
dc.subject	DOMESTIC BANKING SECTOR
dc.subject	DOMESTIC BANKS
dc.subject	DOMESTIC CREDIT
dc.subject	DOMESTIC CURRENCY
dc.subject	DOMESTIC FINANCIAL INSTITUTIONS
dc.subject	DOMESTIC INTEREST RATES
dc.subject	DOMESTIC SAVINGS
dc.subject	ECONOMIC CONDITIONS
dc.subject	ECONOMIC DEVELOPMENT
dc.subject	ECONOMIC MODEL
dc.subject	EMERGING ECONOMIES
dc.subject	EMERGING ECONOMY
dc.subject	EMERGING MARKET
dc.subject	EMERGING MARKET ECONOMY
dc.subject	EMERGING MARKETS
dc.subject	EUROPEAN CENTRAL BANK
dc.subject	EXPORT REVENUES
dc.subject	EXPORTERS
dc.subject	EXPOSURE
dc.subject	EXTERNAL FINANCING
dc.subject	EXTERNAL POSITION
dc.subject	FINANCIAL ASSETS
dc.subject	FINANCIAL CRISES
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL INSTABILITY
dc.subject	FINANCIAL INSTITUTION
dc.subject	FINANCIAL INSTITUTIONS
dc.subject	FINANCIAL INTERMEDIATION
dc.subject	FINANCIAL MARKET
dc.subject	FINANCIAL MARKETS
dc.subject	FINANCIAL REGULATION
dc.subject	FINANCIAL RISKS
dc.subject	FINANCIAL SERVICES
dc.subject	FINANCIAL STABILITY
dc.subject	FINANCIAL STABILITY OBJECTIVE
dc.subject	FINANCIAL STABILITY POLICIES
dc.subject	FINANCIAL STRESS
dc.subject	FINANCIAL STRUCTURE
dc.subject	FINANCIAL SYSTEM
dc.subject	FIXED EXCHANGE RATE
dc.subject	FIXED EXCHANGE RATES
dc.subject	FLOATING EXCHANGE RATE
dc.subject	FOREIGN BANKS
dc.subject	FOREIGN CURRENCIES
dc.subject	FOREIGN CURRENCY
dc.subject	FOREIGN CURRENCY LENDING
dc.subject	FOREIGN CURRENCY LOANS
dc.subject	FOREIGN DIRECT INVESTMENT
dc.subject	FOREIGN EXCHANGE
dc.subject	FOREIGN EXCHANGE RESERVES
dc.subject	FOREIGN EXCHANGE RISK
dc.subject	FOREIGN FUNDS
dc.subject	FOREIGN INTEREST
dc.subject	FOREIGN INTEREST RATES
dc.subject	GLOBALIZATION
dc.subject	GOVERNMENT DEBT
dc.subject	GOVERNMENT GUARANTEES
dc.subject	GROSS DOMESTIC PRODUCT
dc.subject	GROWTH RATES
dc.subject	HOLDINGS
dc.subject	HOUSEHOLD INCOME
dc.subject	HOUSING
dc.subject	INDEBTED COUNTRIES
dc.subject	INDEBTEDNESS
dc.subject	INFLATION
dc.subject	INFLATIONARY PRESSURES
dc.subject	INTEREST RATE
dc.subject	INTEREST RATES
dc.subject	INTERNATIONAL BANK
dc.subject	INTERNATIONAL FINANCIAL STATISTICS
dc.subject	INTERNATIONAL INVESTORS
dc.subject	INVENTORY
dc.subject	INVESTMENT PROJECTS
dc.subject	LABOR UNIONS
dc.subject	LENDER
dc.subject	LENDER OF LAST RESORT
dc.subject	LENDING INSTITUTIONS
dc.subject	LEVEL OF DEBT
dc.subject	LEVEL OF RISK
dc.subject	LIQUID ASSETS
dc.subject	LIQUIDITY
dc.subject	LIQUIDITY RISK
dc.subject	LOAN
dc.subject	LOAN DEMAND
dc.subject	LOAN PORTFOLIO
dc.subject	LOAN PORTFOLIOS
dc.subject	LOCAL BANKS
dc.subject	LOCAL BUSINESS
dc.subject	LOCAL MARKETS
dc.subject	LOOSE MONETARY POLICY
dc.subject	MACROECONOMIC DATA
dc.subject	MACROECONOMIC ENVIRONMENT
dc.subject	MACROECONOMIC POLICIES
dc.subject	MACROECONOMIC STABILITY
dc.subject	MACROECONOMIC STABILIZATION
dc.subject	MACROECONOMIC VARIABLES
dc.subject	MARKET LIQUIDITY
dc.subject	MARKET MAKER
dc.subject	MARKET SUPERVISION
dc.subject	MARKET_SUPERVISION
dc.subject	MATURITY
dc.subject	MATURITY TRANSFORMATIONS
dc.subject	MONETARY CONTROL
dc.subject	MONETARY FUND
dc.subject	MONETARY POLICIES
dc.subject	MONETARY POLICY
dc.subject	MONEY SUPPLY
dc.subject	MORTGAGES
dc.subject	NONPERFORMING LOANS
dc.subject	NPL
dc.subject	OPEN ECONOMIES
dc.subject	OPEN ECONOMY
dc.subject	OUTPUT LOSSES
dc.subject	POLICY RESPONSE
dc.subject	PORTFOLIO
dc.subject	POST-CRISIS PERIOD
dc.subject	PRIVATE BANKING
dc.subject	PRIVATE CREDIT
dc.subject	PRIVATE LOANS
dc.subject	PRIVATE SECTOR CREDIT
dc.subject	PRIVATIZATION
dc.subject	PROBLEM LOANS
dc.subject	PROFITABILITY
dc.subject	PRUDENTIAL REGULATION
dc.subject	PRUDENTIAL SUPERVISION
dc.subject	PURCHASING POWER
dc.subject	REAL EXCHANGE RATE
dc.subject	REAL INTEREST
dc.subject	REAL INTEREST RATE
dc.subject	RECESSION
dc.subject	RESERVE
dc.subject	RESERVE REQUIREMENTS
dc.subject	RISK EXPOSURES
dc.subject	SALES OF ASSETS
dc.subject	SAVINGS
dc.subject	SECURITIES
dc.subject	SHORT-TERM BONDS
dc.subject	SHORT-TERM INTEREST RATES
dc.subject	STATE BANKS
dc.subject	STOCK MARKET
dc.subject	STOCKS
dc.subject	STRATEGIC INVESTORS
dc.subject	SUBSIDIARIES
dc.subject	SUPERVISION OF BANKS
dc.subject	SUPERVISORY AGENCIES
dc.subject	SUPERVISORY AUTHORITY
dc.subject	SYSTEMIC RISK
dc.subject	TAX
dc.subject	TAXATION
dc.subject	TIER 1 CAPITAL
dc.subject	TRANSPORT
dc.subject	WAGES
dc.subject	WARRANTS
dc.subject	WITHDRAWAL
dc.title	Credit Growth and Financial Stability in the Czech Republic
dc.type	Publications & Research :: Policy Research Working Paper
dc.coverage	Europe and Central Asia
dc.coverage	Europe and Central Asia
dc.coverage	Europe
dc.coverage	Eastern Europe
dc.coverage	Czech Republic