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Andreas Hoffmann

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Why Do Low Interest Rates Not Fuel Credit Growth in the New Member States of the EU?

by Andreas Hoffmann    7 February 2015    0

WP 2015-03. Executive Summary During the past five years, emerging markets have experienced a significant rise in the credit to the private sector. In the countries that have recently joined the European Union, however, borrowers have been suffering from a rather severe credit crunch. This (...)