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Non-Performing Loans in CESEE :, Determinants and Impact on Macroeconomic Performance, Nir Klein

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
Table Of Contents
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
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (28 p.)
Specific Material Designation
Form Of Item

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