Format:
Online-Ressource (27 p)
Edition:
Online-Ausg.
ISBN:
1484318528
,
9781484318522
Series Statement:
IMF Working Papers Working Paper No. 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
Additional Edition:
Erscheint auch als Druck-Ausgabe Klein, Nir Non-Performing Loans in CESEE: Determinants and Impact on Macroeconomic Performance Washington, D.C. : International Monetary Fund, 2013 ISBN 9781484318522
Language:
English
DOI:
10.5089/9781484318522.001
