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Gli alti livelli di NPL indeboliscono la capacità delle banche di erogare credito?

Paolo Angelini ()

Moneta e Credito, 2018, vol. 71, issue 282, 129-138

Abstract: It has recently been argued that high non-performing loan stocks can limit banks’ lending ability, and thus impair the effectiveness of monetary policy. The present article questions this claim and argues for a more nuanced view. It points to the lack of serious theoretical analysis of the relationship between non-performing loan stocks and credit dynamics; the empirical evidence is also scarce. Policy should focus on maximising the ‘cure rate’ rather than eliminating non-performing loans entirely.

Keywords: antitrust; banking sector; competition (search for similar items in EconPapers)
JEL-codes: G21 G28 E51 (search for similar items in EconPapers)
Date: 2018
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