Format:
1 Online-Ressource (circa 54 Seiten)
,
Illustrationen
ISBN:
9781484326572
Series Statement:
IMF working paper WP/17, 230
Content:
The high level of nonperforming loans (NPLs) in the Caribbean has been, in large part, a legacy of the global financial crisis, but their persistence owes much to the weak economic recovery in the region, as well as to structural obstacles to their resolution. A comprehensive strategy is needed to address these impediments to sever the adverse feedback loops between weak economic activity and weak asset quality. This paper finds that NPLs are a drag on Caribbean growth and macro-financial links are strong: a deterioration in asset quality hinders bank lending and dampens economic activity, undermining, in turn, efforts to resolve problem loans. A multifaceted approach is needed, involving a combination of macro- economic policies to support growth and employment; strong supervisory frameworks to ensure macro-financial stability and create incentives for resolution; efforts to address informational gaps and deficiencies in insolvency and debt-enforcement frameworks; and development of markets for distressed loans. The institutional capacity constraints require coordination of reforms within the region and support from international organizations through capacity-building
Additional Edition:
Erscheint auch als Druck-Ausgabe Beaton, Kimberly Problem Loans in the Caribbean: Determinants, Impact and Strategies for Resolution Washington, D.C. : International Monetary Fund, 2017 ISBN 9781484326572
Language:
English
Keywords:
Arbeitspapier
;
Graue Literatur
DOI:
10.5089/9781484326572.001
URL:
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