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  • 标题:Developments in Eastern Europe
  • 期刊名称:Financial Stability Report / Sveriges Riksbank
  • 印刷版ISSN:1403-0004
  • 出版年度:2009
  • 卷号:1
  • 页码:32-32
  • 出版社:Sveriges Riksbank
  • 摘要:Following several years of very strong economic growth for the countries of Eastern Europe, the trend has now changed, with rapidly falling growth in several countries. Developments in Eastern Europe are signifi cant for the fi nancial stability of many Western European countries, as Western European banks contributed to this economic upswing with extensive loans. In certain cases, lending has been so extensive that exposure to Eastern Europe is now equivalent to a signifi cant portion of the GDP of the countries in question. This implies that current developments entail the risk of signifi cant loan losses for Western European banks, at the same time as a decision by foreign banks to withdraw could have major negative consequences for the region.
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