Non-performing Loans And Resolving Private Sector Insolvency: Experiences From The Eu Periphery And The Case Of Greece (palgrave Macmillan Studies In Banking And Financial Institutions)
by Platon Monokroussos /
2017 / English / PDF
5.1 MB Download
This book explores the issue of private sector over-indebtedness
following the recent financial crisis. It addresses the various
challenges for policymakers, investors and economic agents affected
by applied remedial policies as the private non-financial sector in
Europe continues to face increased challenges in servicing its
debt, with the problem mainly concentrated in several countries in
the EU periphery and Eastern Europe. Chapters from expert
contributors address reduced investment as firms concentrate on
deleveraging and repairing their balance sheets, curtailed consumer
spending, depressed collateral values and weak credit creation.
They examine effective policies to facilitate private sector debt
restructuring which may involve significant upfront costs in terms
of time to implement and committed budgetary resources, as well as
necessary reforms required to improve the broader institutional
framework and judicial capacity. The book also explores the issue
of over indebtedness in the household sector, contributing to the
literature in establishing best practice principles for household
debt.
This book explores the issue of private sector over-indebtedness
following the recent financial crisis. It addresses the various
challenges for policymakers, investors and economic agents affected
by applied remedial policies as the private non-financial sector in
Europe continues to face increased challenges in servicing its
debt, with the problem mainly concentrated in several countries in
the EU periphery and Eastern Europe. Chapters from expert
contributors address reduced investment as firms concentrate on
deleveraging and repairing their balance sheets, curtailed consumer
spending, depressed collateral values and weak credit creation.
They examine effective policies to facilitate private sector debt
restructuring which may involve significant upfront costs in terms
of time to implement and committed budgetary resources, as well as
necessary reforms required to improve the broader institutional
framework and judicial capacity. The book also explores the issue
of over indebtedness in the household sector, contributing to the
literature in establishing best practice principles for household
debt.