Sponsored Content
Nowotny: Must Avoid Bubble in CESEE
Other Countries ♦
Published: November 19, 2013; 06:51 ♦ (Vindobona)
Sponsored Content
In order to avoid another asset bubble like in 2008, loan growth has to be monitored, governor of Austrian National Bank Ewald Nowotny says.
Nowotny: Must Avoid Bubble in CESEE / Picture: © Vindobona.org
ECB Governing Council member Nowotny indicates that the CESEE region is still vulnerable to asset bubbles.
In the year before 2008, foreign banks pursued an aggressive lending policy. The markets began to overheat as the inflow of foreign capital was mainly used for consumption purposes. After 2008, the non-performing loan ratio grew steadily. In the Southeast European region as…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Sponsored Content