The Recovery in Credit Growth in the EBRD Region

With the exception of those countries with the largest pre-crisis credit booms, credit growth is recovering across the region.

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Running for the Exit: International Banks and Crisis Transmission

In the wake of the 2007–2009 economic crisis, the virtues and vices of financial globalization are being re-evaluated. Financial links between countries, particularly bank lending, have been singled out as a key channel of international crisis transmission. The International Monetary Fund and the G-20 have identified the volatility of cross-border capital flows as a priority related to the reform of the global financial system.

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