TY  - BOOK
AU  - Aiyar,Shekhar
TI  - A Strategy for Resolving Europe's Problem Loans
T2  - Staff Discussion Notes
SN  - 1513591274 :
SN  - 2221-030X
PY  - 2015///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Bank Resolution
KW  - imf
KW  - Banks
KW  - Debt Restructuring
KW  - Non-Performing Loans
KW  - Europe
N2  - 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
UR  - http://elibrary.imf.org/view/IMF006/22837-9781513591278/22837-9781513591278/22837-9781513591278.xml
UR  - http://www.imfbookstore.org/IMFORG/9781513591278
ER  -