Monday, October 4, 2010

IMF Working Paper: Recent Credit Stagnation in MENA

The IMF has released a Working Paper on credit stagnation in MENA prepared by four staff members, though it should be noted that IMF WP's do not represent official views of the IMF.

The report provides some interesting statistics on credit growth compared to measure of "normal" credit growth and some decomposition of changes in bank balance sheets post crisis.

I didn't see anything particularly controversial in the findings.  Or findings that would challenge intuitive analysis.  

The country by country data does provide a context for viewing credit growth across the region.

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