Non-performing loans pose severe risk to advanced economies: IMF paper
An International Monetary Fund paper, published on Monday, says non-performing loans play a central role in the build-up of credit market frictions and macrofinancial vulnerability.
Mwanza Nkusu, the paper's author, uses a sample of 26 advanced countries to analyse the link between non-performing loans and macroeconomic performance. The author says the global financial crisis in 2008 highlighted the challenges posed by rising non-performing loans in advanced economies.
Evidence presented in the
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