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Problem Loans in the Caribbean: Determinants, Impact and Strategies for Resolution
Ms.Kimberly Beaton
Mr.Thomas Dowling
Dmitriy Kovtun
Franz Loyola
Ms.Alla Myrvoda
Mr.Joel Chiedu Okwuokei
Ms.Inci Ötker
Mr.Jarkko Turunen
出版
International Monetary Fund
, 2017-11-07
主題
Business & Economics / Industries / Financial Services
Business & Economics / Banks & Banking
Business & Economics / Finance / General
ISBN
1484326571
9781484326572
URL
http://books.google.com.hk/books?id=rUAZEAAAQBAJ&hl=&source=gbs_api
EBook
SAMPLE
註釋
The high level of nonperforming loans (NPLs) in the Caribbean has been, in large part, a legacy of the global financial crisis, but their persistence owes much to the weak economic recovery in the region, as well as to structural obstacles to their resolution. A comprehensive strategy is needed to address these impediments to sever the adverse feedback loops between weak economic activity and weak asset quality. This paper finds that NPLs are a drag on Caribbean growth and macro-financial links are strong: a deterioration in asset quality hinders bank lending and dampens economic activity, undermining, in turn, efforts to resolve problem loans. A multifaceted approach is needed, involving a combination of macro- economic policies to support growth and employment; strong supervisory frameworks to ensure macro-financial stability and create incentives for resolution; efforts to address informational gaps and deficiencies in insolvency and debt-enforcement frameworks; and development of markets for distressed loans. The institutional capacity constraints require coordination of reforms within the region and support from international organizations through capacity-building.