The crisis as a wake-up call

This post argues that the outbreak of the sub-prime mortgage crisis prompted banks to screen and monitor their corporate borrowers more carefully. This “wake-up call” was particularly strong for relatively opaque loans. It already materialised before the Lehman Brothers collapse …

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Unwinding of Pre-Crisis Credit Booms Versus Recoveries

By Franziska Ohnsorge, Yevgeniya Korniyenko and Philipp Hochreiter

Private sector credit growth continues to be subdued in most of EBRD’s countries of operation (COOs), despite a gradual recovery of trade, industrial production and capital inflows in the second quarter of …

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