Nonperforming Loans In Asia And Europe

Author : Asian Development Bank
Publisher : Unknown
Page : 314 pages
File Size : 48,5 Mb
Release : 2021-12-02
Category : Electronic
ISBN : 9292691155

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Nonperforming Loans in Asia and Europe-Causes, Impacts, and Resolution Strategies by Asian Development Bank Pdf

This book traces trends in nonperforming loans (NPLs) during and after financial crises in Asia and Europe. It examines the impact of high NPLs, compares the effectiveness of resolution strategies, and explores policy considerations. The volume highlights the need for decisive and comprehensive policy action to help manage NPLs swiftly. It explores the legal and economic conditions conducive to NPL resolution, the role of asset management companies, the potential of technological solutions, and the importance of regional financial cooperation. It provides insights to help policy makers chart a course through the financial and economic fallout of the coronavirus disease (COVID-19) pandemic to recovery and sustained financial stability in Asia, Europe, and beyond. The publication is a collaborative project of the Asian Development Bank, the European Central Bank, and the Joint Vienna Institute.

Author : John P. C. Fell,Maciej Grodzicki,Junkyu Lee,Reiner Martin,Cyn-Young Park,Peter Rosenkranz
Publisher : Unknown
Page : 128 pages
File Size : 51,8 Mb
Release : 2021
Category : Electronic
ISBN : 9292691171

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Nonperforming Loans in Asia and Europe by John P. C. Fell,Maciej Grodzicki,Junkyu Lee,Reiner Martin,Cyn-Young Park,Peter Rosenkranz Pdf

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 262 pages
File Size : 40,8 Mb
Release : 2021-12-01
Category : Business & Economics
ISBN : 9789292691165

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Nonperforming Loans in Asia and Europe—Causes, Impacts, and Resolution Strategies by Asian Development Bank Pdf

High and persistent levels of nonperforming loans (NPLs) have featured prominently in recent financial crises. This book traces NPL trends during and after crises, examines the economic impact of high NPLs, and compares the effectiveness of NPL resolution strategies across economies in Asia and Europe. The book distills important lessons from the experiences of economies using case studies and empirical investigation of ways to resolve NPLs. These findings can be invaluable in charting a course through the financial and economic fallout of the coronavirus disease (COVID-19) pandemic to recovery and sustained financial stability in Asia, Europe, and beyond.

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 139 pages
File Size : 44,7 Mb
Release : 2022-10-01
Category : Business & Economics
ISBN : 9789292697907

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Road Map for Developing an Online Platform to Trade Nonperforming Loans in Asia and the Pacific by Asian Development Bank Pdf

A sharp increase in nonperforming loans (NPLs) could destabilize financial systems in Asia and the Pacific and compromise post-pandemic economic recovery. This report explains how trading distressed assets could help relieve pressure on banks to ensure they have the capacity to continue financial intermediation. It examines the feasibility of establishing an electronic marketplace to facilitate the trade of NPLs in the region. Designed to serve as a road map, it assesses the region’s demand and readiness for an NPL platform, details the benefits it could offer, and explains how it could ultimately help countries improve their financial stability.

Author : Mr. Shekhar Aiyar,Mr. Dermot Monaghan
Publisher : International Monetary Fund
Page : 79 pages
File Size : 54,5 Mb
Release : 2015-09-24
Category : Business & Economics
ISBN : 9781513511658

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A Strategy for Resolving Europe's Problem Loans by Mr. Shekhar Aiyar,Mr. Dermot Monaghan Pdf

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.

Author : Nir Klein
Publisher : International Monetary Fund
Page : 27 pages
File Size : 41,9 Mb
Release : 2013-03-20
Category : Business & Economics
ISBN : 9781484388631

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Non-Performing Loans in CESEE by Nir Klein Pdf

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.

Author : Hippolyte Fofack
Publisher : World Bank Publications
Page : 36 pages
File Size : 41,8 Mb
Release : 2005
Category : Banks and banking
ISBN : 9780051110170

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Nonperforming Loans in Sub-Saharan Africa by Hippolyte Fofack Pdf

"This paper investigates the leading causes of nonperforming loans during the economic and banking crises that affected a large number of countries in Sub-Saharan Africa in the 1990s. Empirical analysis shows a dramatic increase in these loans and extremely high credit risk, with significant differences between the CFA and non-CFA countries, and substantially higher financial costs for the latter sub-panel of countries. The results also highlight a strong causality between these loans and economic growth, real exchange rate appreciation, the real interest rate, net interest margins, and interbank loans consistent with the causality and econometric analysis, which reveal the significance of macroeconomic and microeconomic factors. The dramatic increase in these loans is largely driven by macroeconomic volatility and reflects the vulnerability of undiversified African economies, which remain heavily exposed to external shocks. Simulated results show that macroeconomic stability and economic growth are associated with a declining level of nonperforming loans; whereas adverse macroeconomic shocks coupled with higher cost of capital and lower interest margins are associated with a rising scope of nonperforming loans. These results are supported by long-term estimates of nonperforming loans derived from pseudo panel-based prediction models. "--World Bank web site.

Author : Luc Eyraud,Irina Bunda,Jehann Jack,Mr. Tarak Jardak,Rasmane Ouedraogo (Economist),Zhangrui Wang,Torsten Wezel
Publisher : International Monetary Fund
Page : 85 pages
File Size : 44,9 Mb
Release : 2021-06-08
Category : Business & Economics
ISBN : 9781513576510

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Resolving Nonperforming Loans in Sub-Saharan Africa in the Aftermath of the COVID-19 Crisis by Luc Eyraud,Irina Bunda,Jehann Jack,Mr. Tarak Jardak,Rasmane Ouedraogo (Economist),Zhangrui Wang,Torsten Wezel Pdf

Sub-Saharan African countries are facing an unprecedented health and economic crisis that is likely to severely hurt credit quality and raise non-performing loans from already high levels. Banks have a critical role to play not only during the crisis by providing temporarily relief to businesses and households, but also during the recovery by supporting economic activity and facilitating the structural transformations engaged by the pandemic.

Author : Irina Bunda,Luc Eyraud,Zhangrui Wang
Publisher : International Monetary Fund
Page : 23 pages
File Size : 55,8 Mb
Release : 2021-06-08
Category : Business & Economics
ISBN : 9781513583099

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How to Assess the Benefits of Nonperforming Loan Disposal in Sub-Saharan Africa Using a Simple Analytical Framework by Irina Bunda,Luc Eyraud,Zhangrui Wang Pdf

The coronavirus (COVID-19) crisis, which has hit financial systems across Africa, is likely to deteriorate banks’ balance sheets. The largest threat to banks pertains to their loan portfolios, since many borrowers have faced a sharp collapse in their income, and therefore have difficulty repaying their obligations as they come due. This could lead to a sharp increase in nonperforming loans (NPLs) in the short to medium term.

Author : Mr.Raphael A. Espinoza,Ananthakrishnan Prasad
Publisher : International Monetary Fund
Page : 26 pages
File Size : 45,7 Mb
Release : 2010-10-01
Category : Business & Economics
ISBN : 9781455208890

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Nonperforming Loans in the GCC Banking System and their Macroeconomic Effects by Mr.Raphael A. Espinoza,Ananthakrishnan Prasad Pdf

According to a dynamic panel estimated over 1995 - 2008 on around 80 banks in the GCC region, the NPL ratio worsens as economic growth becomes lower and interest rates and risk aversion increase. Our model implies that the cumulative effect of macroeconomic shocks over a three year horizon is indeed large. Firm-specific factors related to risk-taking and efficiency are also related to future NPLs. The paper finally investigates the feedback effect of increasing NPLs on growth using a VAR model. According to the panel VAR, there could be a strong, albeit short-lived feedback effect from losses in banks’ balance sheets on economic activity, with a semi-elasticity of around 0.4.

Author : Nadège Jassaud,Mr.Kenneth Kang
Publisher : International Monetary Fund
Page : 31 pages
File Size : 50,5 Mb
Release : 2015-02-06
Category : Business & Economics
ISBN : 9781484381106

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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.

Author : International Monetary Fund. Statistics Dept.
Publisher : International Monetary Fund
Page : 218 pages
File Size : 40,7 Mb
Release : 2019-12-27
Category : Business & Economics
ISBN : 9781484396209

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Financial Soundness Indicators Compilation Guide 2019 by International Monetary Fund. Statistics Dept. Pdf

The 2019 Financial Soundness Indicators Compilation Guide (2019 Guide) includes new indicators to expand the coverage of the financial sector, including other financial intermediaries, money market funds, insurance corporations, pension funds, nonfinancial corporations, and households. In all, the 2019 Guide recommends the compilation of 50 FSIs—13 of them new. Additions such as new capital, liquidity and asset quality metrics, and concentration and distribution measures will serve to enhance the forward-looking aspect of FSIs and contribute to increase policy focus on stability of the financial system.

Author : Mr.Akihiro Kanaya,Mr.David Woo
Publisher : International Monetary Fund
Page : 48 pages
File Size : 53,6 Mb
Release : 2000-01-01
Category : Business & Economics
ISBN : 9781451842401

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The Japanese Banking Crisis of the 1990's by Mr.Akihiro Kanaya,Mr.David Woo Pdf

For a large part of the past decade, Japan has witnessed a steady deterioration in the health of its banking system. This paper examines what went wrong and why it has taken so long for the system to recover. While the paper traces the roots of the crisis to accelerated deregulation and deepening of capital markets without an appropriate adjustment in the regulatory framework, it identifies weak corporate governance and regulatory forbearance as the two factors behind what might have been an unnecessary prolongation of the distress of the financial system.

Author : T. J. Pempel,Keiichi Tsunekawa
Publisher : Cornell University Press
Page : 280 pages
File Size : 44,8 Mb
Release : 2015-05-06
Category : Political Science
ISBN : 9780801455018

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Two Crises, Different Outcomes by T. J. Pempel,Keiichi Tsunekawa Pdf

Two Crises, Different Outcomes examines East Asian policy reactions to the two major crises of the last fifteen years: the global financial crisis of 2008–9 and the Asian financial crisis of 1997–98. The calamity of the late 1990s saw a massive meltdown concentrated in East Asia. In stark contrast, East Asia avoided the worst effects of the Lehman Brothers collapse, incurring relatively little damage when compared to the financial devastation unleashed on North America and Europe. Much had changed across the intervening decade, not least that China rather than Japan had become the locomotive of regional growth, and that the East Asian economies had taken numerous steps to buffer their financial structures and regulatory regimes. This time Asia avoided disaster; it bounced back quickly after the initial hit and has been growing in a resilient fashion ever since. The authors of this book explain how the earlier financial crisis affected Asian economies, why government reactions differed so widely during that crisis, and how Asian economies weathered the Great Recession. Drawing on a mixture of single-country expertise and comparative analysis, they conclude by assessing the long-term prospects that Asian countries will continue their recent success.

Author : Platon Monokroussos,Christos Gortsos
Publisher : Springer
Page : 438 pages
File Size : 47,5 Mb
Release : 2017-07-26
Category : Business & Economics
ISBN : 9783319503134

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Non-Performing Loans and Resolving Private Sector Insolvency by Platon Monokroussos,Christos Gortsos Pdf

This book explores the issue of private sector over-indebtedness following the recent financial crisis. It addresses the various challenges for policymakers, investors and economic agents affected by applied remedial policies as the private non-financial sector in Europe continues to face increased challenges in servicing its debt, with the problem mainly concentrated in several countries in the EU periphery and Eastern Europe. Chapters from expert contributors address reduced investment as firms concentrate on deleveraging and repairing their balance sheets, curtailed consumer spending, depressed collateral values and weak credit creation. They examine effective policies to facilitate private sector debt restructuring which may involve significant upfront costs in terms of time to implement and committed budgetary resources, as well as necessary reforms required to improve the broader institutional framework and judicial capacity. The book also explores the issue of over indebtedness in the household sector, contributing to the literature in establishing best practice principles for household debt.