IMF Working Paper · 2015 · 48 citations · 6 references
BusinessBusiness EconomicsFinanceBankingCorporate FinanceFinancial EconomicsBank RecoveryCorporate RestructuringDebt RestructuringFinancial CrisesFinancial DistressLoan Portfolio ManagementBank Loan FinancingDistressed Asset FinancingDistressed FinancingDistressed Multifamily AssetsFinancial Distress ResolutionGlobal Financial CrisisNonperforming Loan AnalysisNonperforming Loan Management
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.
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