A Strategy for Developing a Market for Nonperforming Loans in Italy

Nadège Jassaud and Kenneth Kang

No 2015/024, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; nonperforming loan; loan; debt market; NPL resolution; private equity; restructuring npls; NPLs; NPL disposal; distressed assets; problem loans; bad debt; write-offs; corporate restructuring; debt restructuring; bad bank; AMCs; Asset Quality Review; Balance Sheet Assesment; Resolution; NPL ratio; loan restructuring effort; resolution target; book value; NPL write-off; restructuring market; NPL asset management companies; Nonperforming loans; Loans; Collateral; Europe; Global (search for similar items in EconPapers)
Pages: 31
Date: 2015-02-06
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Citations: View citations in EconPapers (20)

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