Evidenze dell’uso di moratorie e prestiti garantiti dallo Stato nei Paesi europei

Evidence about Moratoria and Loans subject to Public Guarantee Schemes in European countries

Antonio Forte

MPRA Paper from University Library of Munich, Germany

Abstract: Moratoria and loans subject to public guarantee schemes have been two fundamental measures to reduce the negative impact on the economy of the Covid-19 crisis. This paper, after showing the use of these aids in European countries, proposes an analysis aimed at identifying the determinants of the amplitude of these two measures. The results show that the use of moratoria has been linked to the credit risk situation existing before the crisis, while the use of guaranteed loans has been linked to the intensity of the recession in European countries and to the level of national banking systems CET1 ratio.

Keywords: moratoria; loans; public guarantee schemes; CET1; NPL (search for similar items in EconPapers)
JEL-codes: G21 G28 (search for similar items in EconPapers)
Date: 2022-05
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:113680

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