Introduction

Platon Monokroussos and Christos Gortsos
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Platon Monokroussos: Eurobank Ergasias S.A.
Christos Gortsos: Hellenic Bank Association

Chapter 1 in Non-Performing Loans and Resolving Private Sector Insolvency, 2017, pp 1-14 from Palgrave Macmillan

Abstract: Abstract The book leans on the existing literature and the relevant international experience to assess the challenges arising from the sharp increase of non-performing loans in several euro area periphery economies in the aftermath of the recent global financial upheaval. With debt levels already significantly higher than in the pre-crisis period, it is increasingly acknowledged that authorities must deal with the problem in a more resolute manner so as to create the conditions for a sustained recovery. This is especially true in view of the lessons learned from past crisis episodes and the fact that the empirical literature identifies a number of channels linking private sector over-indebtedness with both economic activity and financial system stability.

Keywords: Non-performing loans; Private sector insolvency; Economic activity; Financial system stability; Past crisis episodes (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-319-50313-4_1

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DOI: 10.1007/978-3-319-50313-4_1

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