Recent episodes of credit card distress in Asia

BIS Quarterly Review  |  June 2007  | 
11 June 2007

Not only has credit card lending in Asia grown rapidly, but also several episodes of sharp booms and busts have been experienced, posing new risks to financial stability. Policymakers need to learn more about the risks arising from this type of consumer lending and respond with appropriate prudential measures.

JEL classification: D14, G14, G23, G28.