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|c 5.00 USD
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|z 9781484326572
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Beaton, Kimberly.
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|a Problem Loans in the Caribbean :
|b Determinants, Impact and Strategies for Resolution /
|c Kimberly Beaton, Thomas Dowling, Dmitriy Kovtun, Franz Loyola.
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| 264 |
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2017.
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| 300 |
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|a 1 online resource (54 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a The high level of nonperforming loans (NPLs) in the Caribbean has been, in large part, a legacy of the global financial crisis, but their persistence owes much to the weak economic recovery in the region, as well as to structural obstacles to their resolution. A comprehensive strategy is needed to address these impediments to sever the adverse feedback loops between weak economic activity and weak asset quality. This paper finds that NPLs are a drag on Caribbean growth and macro-financial links are strong: a deterioration in asset quality hinders bank lending and dampens economic activity, undermining, in turn, efforts to resolve problem loans. A multifaceted approach is needed, involving a combination of macro- economic policies to support growth and employment; strong supervisory frameworks to ensure macro-financial stability and create incentives for resolution; efforts to address informational gaps and deficiencies in insolvency and debt-enforcement frameworks; and development of markets for distressed loans. The institutional capacity constraints require coordination of reforms within the region and support from international organizations through capacity-building.
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| 538 |
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|a Mode of access: Internet
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|a Dowling, Thomas.
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|a Kovtun, Dmitriy.
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|a Loyola, Franz.
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|a IMF Working Papers; Working Paper ;
|v No. 2017/230
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2017/230/001.2017.issue-230-en.xml
|z IMF e-Library
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