Abstract
Credit growth can be likened to a double-edged sword that is able to illustrate the contradictions of its resulting impact. Sometimes credit growth leads into credit booms and in turn leads to major events, such as the debt crisis in the 1980s, the exchange rate crisis in 1992, sudden stops in the 1990s, and the global financial crisis in 2008. These events made its own dilemma: whether there was a policy of reducing credit that aims to prevent credit booms in developing countries that can hamper economic growth. This study aims to analyse the significance of the impact of the credit growth that occurred in the ASEAN region during 2013-2017 towards financial fragility. The result shows that credit growth in ASEAN has a significant effect on financial fragility.
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