UID:
edocfu_9958068236502883
Format:
1 online resource (28 p.)
ISBN:
1-4843-3690-9
,
1-4843-8863-1
,
1-4843-6082-6
Series Statement:
IMF working paper ; 13/72
Content:
The paper investigates the non-performing loans (NPLs) in Central, Eastern and South-Eastern Europe (CESEE) in the period of 1998–2011. The paper finds that the level of NPLs can be attributed to both macroeconomic conditions and banks’ specific factors, though the latter set of factors was found to have a relatively low explanatory power. The examination of the feedback effects broadly confirms the strong macro-financial linkages in the region. While NPLs were found to respond to macroeconomic conditions, such as GDP growth, unemployment, and inflation, the analysis also indicates that there are strong feedback effects from the banking system to the real economy, thus suggesting that the high NPLs that many CESEE countries currently face adversely affect the pace economic recovery.
Note:
Description based upon print version of record.
,
Cover; Abstract; Contents; I. Introduction; Figures; 1. Non-Performing Loans in CESEE Economies; 2. Real GDP Growth and the Change in NPLS in CESEE Economies, 200-2011; II. Literature; A. The Determinants of Non-Performing Loans; B. Feedback Effects; III. Data and Empirical Approach; Tables; 1. Coverage of Dataset as a Percent of the Banking system Total Assets; 2. Summary Statistics, Bank-Level Indicators, 1998-2011; 3. Summary Statistics, Country-Specific and Global Indicators, 1998-2011; 3. NPLs at Bank-Level; 4. NPLs: Macroeconomic and Bank-Level Determinants, 1998-2011
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IV. The Dynamics of Non-Performing Loans and Their Macroeconomic Effects5. Correlation Matrix; 4. Distribution of the Level and the Change of Non-Performing Loans, 1998-2011; 5. Correlation between the Change in NPLs, Unemployment and GDP Growth; 6. Impulse Response Functions; 7. Impulse Response Functions, Alternative Specification; 6. Variance Decomposition; V. Conclusions and some Policy Implications; References; Appendix
,
English
Additional Edition:
ISBN 1-4843-1852-8
Language:
English
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