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Andreas Jobst
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Anna Ilyina
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Dermot Monaghan
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Dmitriy Kovtun
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Jose Garrido
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Kenneth Kang
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Shekhar Aiyar
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Yan Liu
pubblicato da
INTERNATIONAL MONETARY FUND
Europe's banking system is weighed down by high levels of non-performing loans (NPLs), which are holding down credit growth and economic activity. This discussion note uses a new survey of European country authorities and banks to examine the structural obstacles that discourage banks from addressing their problem loans. A three pillared strategy is advocated to remedy the situation, comprising: (i) tightened supervisory policies, (ii) insolvency reforms, and (iii) the development of distressed debt markets.
Scrivi una recensione per "A Strategy for Resolving Europe's Problem Loans"
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