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What Drives Credit Growth in Emerging Asia?

What Drives Credit Growth in Emerging Asia? »

Source: What Drives Credit Growth in Emerging Asia?

Volume/Issue: 2012/43

Series: IMF Working Papers

Author(s): Fei Han , and Selim Elekdag

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

ISBN: 9781463936440

Keywords: rapid credit growth, emerging Asia, SVAR, Bayesian estimation, sign restrictions, aggregate demand, domestic monetary policy, inflation, financial stability, What Drives Credit Growth in Emerging Asia?

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 sho...

When is Growth Pro-Poor? Cross-Country Evidence

When is Growth Pro-Poor? Cross-Country Evidence »

Source: When is Growth Pro-Poor? Cross-Country Evidence

Volume/Issue: 2004/47

Series: IMF Working Papers

Author(s): Aart Kraay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2004

ISBN: 9781451846676

Keywords: growth, pro-poor growth, changes in poverty, pro-poor, distributional change, poverty line, Measurement and Analysis of Poverty, Economic Growth and Aggregate Productivity: General,

Growth is pro-poor if the poverty measure of interest falls. This implies three potential sources of pro-poor growth: (a) a high rate of growth of average incomes; (b) a high sensitivity of poverty to growth in ave...