Author : Nadège Jassaud,Mr.Kenneth Kang
Publisher : International Monetary Fund
Page : 31 pages
File Size : 46,8 Mb
Release : 2015-02-06
Category : Business & Economics
ISBN : 9781484381106
A Strategy for Developing a Market for Nonperforming Loans in Italy by Nadège Jassaud,Mr.Kenneth Kang Pdf
Addressing the buildup of nonperforming loans (NPLs) in Italy since the global financial crisis will remain a challenge for some time and be important for supporting a sustained, robust economic recovery. The buildup reflects both the prolonged recession as well as structural factors that have held back NPL write-offs by banks. The paper discusses the impediments to NPL resolution in Italy and a strategy for fostering a market for restructuring distressed assets that could support corporate and financial restructuring.