{
  "title": "Non-Performing Loans in CESEE: Determinants and Impact on Macroeconomic Performance",
  "publication": "IMF Working Papers, March 20, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/non-performing-loans-in-cesee-determinants-and-impact-on-macroeconomic-performance-40413",
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  "summary": "The paper investigates the non-performing loans (NPLs) in Central, Eastern and South-Eastern Europe (CESEE) in the period of 1998–2011.",
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    {
      "heading": "Summary and scope",
      "content": "- Investigates non-performing loans (NPLs) in Central, Eastern and South-Eastern Europe (CESEE) in the period of 1998–2011.\n- Paper author: Nir Klein.\n- Publication date: March 20, 2013.\n- Series: Working Paper No. 2013/072; Issue: 072; Volume: 2013.\n- Pages: 27.\n- DOI: https://doi.org/10.5089/9781484318522.001.\n- ISBN: 9781484318522.\n- ISSN: 1018-5941.\n- Stock No: WPIEA2013072."
    },
    {
      "heading": "Major findings: determinants of NPLs",
      "content": "- Level of NPLs can be attributed to both macroeconomic conditions and banks’ specific factors.\n- Banks’ specific factors were found to have a relatively low explanatory power compared with macroeconomic determinants.\n- Macroeconomic conditions explicitly linked to NPL dynamics include GDP growth, unemployment, and inflation."
    },
    {
      "heading": "Feedback effects and macro-financial linkages",
      "content": "- Examination of feedback effects broadly confirms strong macro-financial linkages in the CESEE region.\n- While NPLs respond to macroeconomic conditions (GDP growth, unemployment, inflation), the analysis indicates strong feedback effects from the banking system to the real economy.\n- High NPLs in many CESEE countries are suggested to adversely affect the pace of economic recovery."
    },
    {
      "heading": "Subject areas and keywords captured in the paper",
      "content": "- Subject: Banking, Commercial banks, Credit, Financial institutions, Inflation, Loans, Money, Nonperforming loans, Prices.\n- Keywords: bank, Commercial banks, Credit, credit growth, data quality, feedback effects, GDP, GDP growth, Global, Inflation, Loans, Macrofinancial linkages, non-performing loans, Nonperforming loans, NPL shock, NPLS problem, NPLS ratio, NPLS result, return on equity, WP.\n\nSource: IMF Working Paper — \"Non-Performing Loans in CESEE: Determinants and Impact on Macroeconomic Performance\" by Nir Klein (March 20, 2013), Working Paper No. 2013/072.\n\n---\n\n Content in this bundle\n\n- Wp1372\n  - Wp1372 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Wp1372 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/non-performing-loans-in-cesee-determinants-and-impact-on-macroeconomic-performance-40413"
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    "Authors: Nir Klein",
    "Published: March 20, 2013",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781484318522.001",
    "Investigates non-performing loans (NPLs) in Central, Eastern and South-Eastern Europe (CESEE) in the period of 1998–2011.",
    "Paper author: Nir Klein.",
    "Publication date: March 20, 2013.",
    "Series: Working Paper No. 2013/072; Issue: 072; Volume: 2013.",
    "Pages: 27.",
    "DOI: https://doi.org/10.5089/9781484318522.001.",
    "ISBN: 9781484318522.",
    "ISSN: 1018-5941.",
    "Stock No: WPIEA2013072.",
    "Level of NPLs can be attributed to both macroeconomic conditions and banks’ specific factors.",
    "Banks’ specific factors were found to have a relatively low explanatory power compared with macroeconomic determinants.",
    "Macroeconomic conditions explicitly linked to NPL dynamics include GDP growth, unemployment, and inflation.",
    "Examination of feedback effects broadly confirms strong macro-financial linkages in the CESEE region.",
    "While NPLs respond to macroeconomic conditions (GDP growth, unemployment, inflation), the analysis indicates strong feedback effects from the banking system to the real economy.",
    "High NPLs in many CESEE countries are suggested to adversely affect the pace of economic recovery.",
    "Subject: Banking, Commercial banks, Credit, Financial institutions, Inflation, Loans, Money, Nonperforming loans, Prices.",
    "Keywords: bank, Commercial banks, Credit, credit growth, data quality, feedback effects, GDP, GDP growth, Global, Inflation, Loans, Macrofinancial linkages, non-performing loans, Nonperforming loans, NPL shock, NPLS problem, NPLS ratio, NPLS result, return on equity, WP.",
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