A Strategy for Developing a Market for Nonperforming Loans in Italy

Author/Editor:

Nadège Jassaud ; Kenneth H Kang

Publication Date:

February 6, 2015

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

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.

Series:

Working Paper No. 2015/024

Subject:

English

Publication Date:

February 6, 2015

ISBN/ISSN:

9781498337984/1018-5941

Stock No:

WPIEA2015024

Pages:

31

Please address any questions about this title to publications@imf.org