Aiyar, Shekhar, Ilyina, Anna, Jobst, Andreas, (2015), “How to tackle Europe’s non-performing loan problem”, Voxeu, 5 Νοεμβρίου.
European banks are struggling with high levels of non-performing loans. This column explores the channels through which persistently high non-performing loans hold down credit growth and economic activity. A survey of EU authorities and banks reveals that the loans are not written-off for a variety of deep-seated reasons, including legal and tax code issues. An agenda is proposed comprising tightened bank supervision, structural bankruptcy reforms, and the development of markets for distressed assets.
Σχετικές Αναρτήσεις
- Aiyar, Shekhar, Ilyina, Anna, (2015), “A Strategy for Resolving Europe’s Problem Loans”, IMF Direct blog, 24 Σεπτεμβρίου.
- Kerry, W., Portier, J., Ruggerone, L. & Verkoren, C., (2014), “What a Drag: The Burden of Nonperforming Loans on Credit in the Euro Area”, iMFdirect, 23 Ιουνίου.