Can Italy Grow Out of Its NPL Overhang A Panel Threshold Analysis is popular PDF and ePub book, written by Mr.Kamiar Mohaddes in 2017-03-24, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Can Italy Grow Out of Its NPL Overhang A Panel Threshold Analysis can be Read Online from any device for your convenience.
Can Italy Grow Out of Its NPL Overhang A Panel Threshold Analysis Book PDF Summary
This paper examines whether a tipping point exists for real GDP growth in Italy above which the ratio of non-performing loans (NPLs) to total loans falls significantly. Estimating a heterogeneous dynamic panel-threshold model with data on 17 Italian regions over the period 1997–2014, we provide evidence for the presence of growth-threshold effects on the NPL ratio in Italy. More specifically, we find that real GDP growth above 1.2 percent, if sustained for a number of years, is associated with a significant decline in the NPLs ratio. Achieving such growth rates requires decisively tackling long-standing structural rigidities and improving the quality of fiscal policy. Given the modest potential growth outlook, however, under which banks are likely to struggle to grow out of their NPL overhang, further policy measures are needed to put the NPL ratio on a firm downward path over the medium term.
Detail Book of Can Italy Grow Out of Its NPL Overhang A Panel Threshold Analysis PDF
- Author : Mr.Kamiar Mohaddes
- Release : 24 March 2017
- Publisher : International Monetary Fund
- ISBN : 9781475588873
- Genre : Business & Economics
- Total Page : 17 pages
- Language : English
- PDF File Size : 19,7 Mb
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