From credit growth to credit crunch: Analysis of responses to credit development in CEE region

• Název práce v češtině: From credit growth to credit crunch: Analysis of responses to credit development in CEE region
• Název v anglickém jazyce: From credit growth to credit crunch: Analysis of responses to credit development in CEE region
• Klíčová slova: credit growth; credit crunch; region
• Klíčová slova anglicky: credit growth; credit crunch; region
• Akademický rok vypsání: 2010/2011
• Typ práce: diplomová práce
• Jazyk práce: angličtina
• Ústav: Institut ekonomických studií (23-IES)
• Vedoucí / školitel: doc. PhDr. Adam Geršl, Ph.D.
• Řešitel: skrytý - zadáno vedoucím/školitelem
• Datum přihlášení: 21.12.2010
• Datum zadání: 21.12.2010
• Datum a čas obhajoby: 21.06.2011 00:00
• Místo konání obhajoby: IES
• Datum odevzdání elektronické podoby: 20.05.2011
• Datum proběhlé obhajoby: 21.06.2011
• Oponenti: prof. PhDr. Tomáš Havránek, Ph.D.

Seznam odborné literatury

Atoyan , R. (2010): “Beyond the Crisis: Revisiting Emerging Europeˆa €™ s Growth
Model.” International monetary fund (IMF).
2. Bonin , J. & P. Wachtel (2003): “Financial Sector Development in Transition Econo-
mies: Lessons from the First Decade.” Financial Markets, Institutions & Instruments
12(1): pp. 1–66.3. MacKinlay , A. C.: “Event Studies in Economics and Finance.” Journal of Economic
Literature 35(1): pp. 13–39.
4. Egert , B. & P. Backe & T. Zumer (2006): “Credit Growth in Central and Eastern
Europe. New (Over)shooting stars?” ECB Working Paper Series 687.
5. Enoch , C. & I. Otker-Robe (2007): “Rapid Credit Growth in Central and East-
ern Europe: Endless Boom or Early Warning?” Palgrave Macmillan/International
Monetary Fund 0230521517.
6. IMF (2003-2008): “Financial Sector Assessment Program Reports - Country reports.”
IMF.
7. Kiss , G. & M. Nagy , & B. Vonnak (2006): “Credit Growth in Central and Eastern
Europe: Trend, Cycle or Boom?” Magyar Nemzeti Bank.
8. Kraft , E. & L. Jankov (2005): “Does Speed Kill? Lending Booms and Their
Consequences in Croatia.” Journal of Banking and Finance 29(1): pp. 105-121.

Předběžná náplň práce v anglickém jazyce

The aim of the thesis is to discuss the credit development in emerging markets, in particular in the CEE region. In the pre-crisis years region witnessed a rapid credit growth that was subject to extensive debates. Scholars and policymakers questioned whether the rapid credit growth is a sign of a fundamentally based “catching-up” effect or an early warning indicator. As a result they attempted to analyze the risks and develop adequate instruments in order to limit the credit growth.
In the thesis, I would like to focus on the assessment of the instruments applied in the CEE region in the pre-crisis years. Furthermore, I will also try to deal with the development in the crisis period, i.e. whether and why these
instruments have been abandoned. The thesis is to consist of two main parts: theoretical and empirical. In the theoretical one I would like to analyze the credit growth instruments both from global and country-specific perspective. The empirical part will be based on the valuation of the efficiency of the instruments via event-study method.