Insolvency Frameworks And Private Debt
Download Insolvency Frameworks And Private Debt full books in PDF, epub, and Kindle. Read online free Insolvency Frameworks And Private Debt ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Insolvency Frameworks and Private Debt
Author | : |
Publisher | : |
Total Pages | : |
Release | : 2018 |
Genre | : |
ISBN | : 9789289932943 |
Download Insolvency Frameworks and Private Debt Book in PDF, Epub and Kindle
This paper presents new evidence on the importance of insolvency frameworks for private sector debt deleveraging and for the resolution of non-performing loans (NPL). We construct an aggregate insolvency framework index (IFI), which is used as explanatory variable in the empirical analysis. By means of panel estimates over 2003-2016, we shows that OECD countries with better IFI deleverage faster and adjust their NPL levels more rapidly than countries with worse IFI. We also shows that there is a strong correlation between the level of NPL and IFI, which appears to be state-dependent, i.e. in a situation of high unemployment relative to its historical average the NPL ratio is generally lower for a higher IFI. Finally, our results indicate that better insolvency frameworks lead to faster NPL reductions and to lower NPL increases during economic bad times.
Insolvency Frameworks and Private Debt Related Books
Pages:
Pages: 21
Pages: 29
Pages: 47
Pages: 452