Views from the Trenches: Interviewing Bank Officials in the Midst of a Credit Boom PDF Print E-mail

Neven Valev, Georgia State University


This paper uses interviews with commercial bank officials to investigate how well the banking system assesses risk and allocates credit, monitors borrowers, facilitates risk diversification, and pools savings while the credit boom in Bulgaria is unfolding. Bank credit to enterprises more than tripled in only five years despite significant institutional problems in the country. The interviews show that the banking system adapts to the local conditions and performs its theoretical functions reasonably well. The area that is most severely influenced by weak institutions seems to be monitoring and exerting control over borrowers. 


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National Council for Eurasian and East European Research (NCEEER) is a non-profit organization created in 1978 to develop and sustain long-term, high-quality programs for post-doctoral research on the social, political, economic, environmental, and historical development of Eurasia and Central and Eastern Europe.   More

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