A Strategy for Developing a Market for Nonperforming Loans in Italy
| Author | : Nadège Jassaud |
| Publisher | : International Monetary Fund |
| Total Pages | : 31 |
| Release | : 2015-02-06 |
| ISBN-10 | : 9781484381106 |
| ISBN-13 | : 1484381106 |
| Rating | : 4/5 (106 Downloads) |
Download or read book A Strategy for Developing a Market for Nonperforming Loans in Italy written by Nadège Jassaud and published by International Monetary Fund. This book was released on 2015-02-06 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addressing the buildup of nonperforming loans (NPLs) in Italy since the global financial crisis will remain a challenge for some time and be important for supporting a sustained, robust economic recovery. The buildup reflects both the prolonged recession as well as structural factors that have held back NPL write-offs by banks. The paper discusses the impediments to NPL resolution in Italy and a strategy for fostering a market for restructuring distressed assets that could support corporate and financial restructuring.
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