A Review of Macroeconomic Determinants of Credit Risks: Evidence from Low-Income Countries

This review aims to provide a comprehensive analysis of the macroeconomic determinants of credit risks in low-income countries. The study explores the factors that influence credit risks, including macroeconomic indicators, institutional frameworks, and external shocks. By examining existing literature and empirical evidence, this review highlights the crucial role of these determinants in shaping credit risk levels in low-income economies. The findings can help policymakers and financial institutions devise appropriate strategies to manage credit risks and promote financial stability in these countries.