Rapid credit growth and international credit: Challenges for Asia pdf

BIS Working Papers

No 377

Rapid credit growth and

international credit:

Challenges for Asia

by Stefan Avdjiev, Robert McCauley and Patrick McGuire

Monetary and Economic Department

April 2012

JEL classification: E32, F34, F43

Keywords: international credit, credit booms, cross-border lending,

emerging markets

BIS Working Papers are written by members of the Monetary and Economic Department of

the Bank for International Settlements, and from time to time by other economists, and are

published by the Bank. The papers are on subjects of topical interest and are technical in

character. The views expressed in them are those of their authors and not necessarily the

views of the BIS.

This publication is available on the BIS website (www.bis.org).

© Bank for International Settlements 2012. All rights reserved. Brief excerpts may be

reproduced or translated provided the source is stated.

ISSN 1020-0959 (print)

ISSN 1682-7678 (online)