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A Strategy for Resolving Europe's Problem Loans

出版	International Monetary Fund, 2015
ISBN	15135886569781513588650
URL	http://books.google.com.hk/books?id=LrvujgEACAAJ&hl=&source=gbs_api

註釋

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.