Can Italy grow out of Its NPL overhang? :: a panel threshold analysis /
This paper examines whether a tipping point exists for real GDP growth in Italy above which the ratio of non-performing loans (NPLs) to total loans falls significantly. Estimating a heterogeneous dynamic panel-threshold model with data on 17 Italian regions over the period 1997-2014, we provide evid...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
2017.
|
| Schriftenreihe: | IMF working paper ;
WP/17/66. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper examines whether a tipping point exists for real GDP growth in Italy above which the ratio of non-performing loans (NPLs) to total loans falls significantly. Estimating a heterogeneous dynamic panel-threshold model with data on 17 Italian regions over the period 1997-2014, we provide evidence for the presence of growth-threshold effects on the NPL ratio in Italy. More specifically, we find that real GDP growth above 1.2 percent, if sustained for a number of years, is associated with a significant decline in the NPLs ratio. Achieving such growth rates requires decisively tackling long-standing structural rigidities and improving the quality of fiscal policy. Given the modest potential growth outlook, however, under which banks are likely to struggle to grow out of their NPL overhang, further policy measures are needed to put the NPL ratio on a firm downward path over the medium term. |
| Beschreibung: | 1 online resource |
| ISBN: | 1475588917 9781475588910 |
| ISSN: | 1018-5941 1018-5941 ; |
Internformat
MARC
| LEADER | 00000cam a2200000 a 4500 | ||
|---|---|---|---|
| 001 | ZDB-4-EBA-ocn981964552 | ||
| 003 | OCoLC | ||
| 005 | 20241004212047.0 | ||
| 006 | m o d | ||
| 007 | cr |n||||||||| | ||
| 008 | 170407t20172017dcu o 000 0 eng d | ||
| 040 | |a IDEBK |b eng |e pn |c IDEBK |d EBLCP |d YDX |d IDEBK |d LLB |d MERUC |d OCLCQ |d OCLCO |d OCLCF |d CUY |d WRM |d OCLCA |d CEF |d OTZ |d N$T |d AGLDB |d IGB |d OCLCQ |d G3B |d S8J |d S8I |d STF |d D6H |d BTN |d AUW |d INTCL |d MHW |d SNK |d CUS |d OCLCQ |d OCLCO |d OCLCL |d OCLCQ | ||
| 019 | |a 981957876 |a 982020306 |a 982109268 |a 982149054 |a 982220352 |a 982335539 |a 982417597 |a 982452507 |a 1119033902 | ||
| 020 | |a 1475588917 |q (electronic bk.) | ||
| 020 | |a 9781475588910 |q (electronic bk.) | ||
| 020 | |z 1475588658 | ||
| 020 | |z 9781475588651 | ||
| 022 | |a 1018-5941 | ||
| 024 | 7 | |a 10.5089/9781475588651.001 |2 doi | |
| 035 | |a (OCoLC)981964552 |z (OCoLC)981957876 |z (OCoLC)982020306 |z (OCoLC)982109268 |z (OCoLC)982149054 |z (OCoLC)982220352 |z (OCoLC)982335539 |z (OCoLC)982417597 |z (OCoLC)982452507 |z (OCoLC)1119033902 | ||
| 037 | |a 1004671 |b MIL | ||
| 043 | |a e-it--- | ||
| 050 | 4 | |a HB3722 | |
| 072 | 7 | |a BUS |x 070000 |2 bisacsh | |
| 082 | 7 | |a 338.542 |2 23 | |
| 049 | |a MAIN | ||
| 100 | 1 | |a Mohaddes, Kamiar, |e author. |0 http://id.loc.gov/authorities/names/no2010109577 | |
| 245 | 1 | 0 | |a Can Italy grow out of Its NPL overhang? : |b a panel threshold analysis / |c by Kamiar Mohaddes, Mehdi Raissi, and Anke Weber. |
| 264 | 1 | |a [Washington, D.C.] : |b International Monetary Fund, |c 2017. | |
| 264 | 4 | |c ©2017 | |
| 300 | |a 1 online resource | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Papers, |x 1018-5941 ; |v WP/17/66 | |
| 588 | 0 | |a Print version record. | |
| 520 | 3 | |a This paper examines whether a tipping point exists for real GDP growth in Italy above which the ratio of non-performing loans (NPLs) to total loans falls significantly. Estimating a heterogeneous dynamic panel-threshold model with data on 17 Italian regions over the period 1997-2014, we provide evidence for the presence of growth-threshold effects on the NPL ratio in Italy. More specifically, we find that real GDP growth above 1.2 percent, if sustained for a number of years, is associated with a significant decline in the NPLs ratio. Achieving such growth rates requires decisively tackling long-standing structural rigidities and improving the quality of fiscal policy. Given the modest potential growth outlook, however, under which banks are likely to struggle to grow out of their NPL overhang, further policy measures are needed to put the NPL ratio on a firm downward path over the medium term. | |
| 650 | 0 | |a Financial crises. | |
| 650 | 0 | |a Financial crises |z Italy. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Industries |x General. |2 bisacsh | |
| 650 | 7 | |a Financial crises |2 fast | |
| 651 | 7 | |a Italy |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJvd8mVMcRhwVmbtcqCPcP | |
| 700 | 1 | |a Raissi, Mehdi, |e author. |0 http://id.loc.gov/authorities/names/no2010109578 | |
| 700 | 1 | |a Weber, Anke, |e author. | |
| 758 | |i has work: |a Can Italy grow out of Its NPL overhang? (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGqG4gJX7r4PPdm7QmY8wd |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Mohaddes, Kamiar. |t Can Italy Grow Out of Its NPL Overhang? A Panel Threshold Analysis. |d Washington, D.C. : International Monetary Fund, ©2017 |z 9781475588651 |
| 830 | 0 | |a IMF working paper ; |v WP/17/66. |0 http://id.loc.gov/authorities/names/no89010263 | |
| 856 | 4 | 0 | |l FWS01 |p ZDB-4-EBA |q FWS_PDA_EBA |u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1496814 |3 Volltext |
| 938 | |a ProQuest Ebook Central |b EBLB |n EBL4835184 | ||
| 938 | |a EBSCOhost |b EBSC |n 1496814 | ||
| 938 | |a ProQuest MyiLibrary Digital eBook Collection |b IDEB |n cis37939769 | ||
| 938 | |a YBP Library Services |b YANK |n 13956144 | ||
| 994 | |a 92 |b GEBAY | ||
| 912 | |a ZDB-4-EBA | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-4-EBA-ocn981964552 |
|---|---|
| _version_ | 1816882385358159872 |
| adam_text | |
| any_adam_object | |
| author | Mohaddes, Kamiar Raissi, Mehdi Weber, Anke |
| author_GND | http://id.loc.gov/authorities/names/no2010109577 http://id.loc.gov/authorities/names/no2010109578 |
| author_facet | Mohaddes, Kamiar Raissi, Mehdi Weber, Anke |
| author_role | aut aut aut |
| author_sort | Mohaddes, Kamiar |
| author_variant | k m km m r mr a w aw |
| building | Verbundindex |
| bvnumber | localFWS |
| callnumber-first | H - Social Science |
| callnumber-label | HB3722 |
| callnumber-raw | HB3722 |
| callnumber-search | HB3722 |
| callnumber-sort | HB 43722 |
| callnumber-subject | HB - Economic Theory and Demography |
| collection | ZDB-4-EBA |
| ctrlnum | (OCoLC)981964552 |
| dewey-full | 338.542 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
| dewey-raw | 338.542 |
| dewey-search | 338.542 |
| dewey-sort | 3338.542 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>03866cam a2200601 a 4500</leader><controlfield tag="001">ZDB-4-EBA-ocn981964552</controlfield><controlfield tag="003">OCoLC</controlfield><controlfield tag="005">20241004212047.0</controlfield><controlfield tag="006">m o d </controlfield><controlfield tag="007">cr |n|||||||||</controlfield><controlfield tag="008">170407t20172017dcu o 000 0 eng d</controlfield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">IDEBK</subfield><subfield code="b">eng</subfield><subfield code="e">pn</subfield><subfield code="c">IDEBK</subfield><subfield code="d">EBLCP</subfield><subfield code="d">YDX</subfield><subfield code="d">IDEBK</subfield><subfield code="d">LLB</subfield><subfield code="d">MERUC</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OCLCF</subfield><subfield code="d">CUY</subfield><subfield code="d">WRM</subfield><subfield code="d">OCLCA</subfield><subfield code="d">CEF</subfield><subfield code="d">OTZ</subfield><subfield code="d">N$T</subfield><subfield code="d">AGLDB</subfield><subfield code="d">IGB</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">G3B</subfield><subfield code="d">S8J</subfield><subfield code="d">S8I</subfield><subfield code="d">STF</subfield><subfield code="d">D6H</subfield><subfield code="d">BTN</subfield><subfield code="d">AUW</subfield><subfield code="d">INTCL</subfield><subfield code="d">MHW</subfield><subfield code="d">SNK</subfield><subfield code="d">CUS</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OCLCL</subfield><subfield code="d">OCLCQ</subfield></datafield><datafield tag="019" ind1=" " ind2=" "><subfield code="a">981957876</subfield><subfield code="a">982020306</subfield><subfield code="a">982109268</subfield><subfield code="a">982149054</subfield><subfield code="a">982220352</subfield><subfield code="a">982335539</subfield><subfield code="a">982417597</subfield><subfield code="a">982452507</subfield><subfield code="a">1119033902</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1475588917</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781475588910</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">1475588658</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">9781475588651</subfield></datafield><datafield tag="022" ind1=" " ind2=" "><subfield code="a">1018-5941</subfield></datafield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.5089/9781475588651.001</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)981964552</subfield><subfield code="z">(OCoLC)981957876</subfield><subfield code="z">(OCoLC)982020306</subfield><subfield code="z">(OCoLC)982109268</subfield><subfield code="z">(OCoLC)982149054</subfield><subfield code="z">(OCoLC)982220352</subfield><subfield code="z">(OCoLC)982335539</subfield><subfield code="z">(OCoLC)982417597</subfield><subfield code="z">(OCoLC)982452507</subfield><subfield code="z">(OCoLC)1119033902</subfield></datafield><datafield tag="037" ind1=" " ind2=" "><subfield code="a">1004671</subfield><subfield code="b">MIL</subfield></datafield><datafield tag="043" ind1=" " ind2=" "><subfield code="a">e-it---</subfield></datafield><datafield tag="050" ind1=" " ind2="4"><subfield code="a">HB3722</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="x">070000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="082" ind1="7" ind2=" "><subfield code="a">338.542</subfield><subfield code="2">23</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">MAIN</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Mohaddes, Kamiar,</subfield><subfield code="e">author.</subfield><subfield code="0">http://id.loc.gov/authorities/names/no2010109577</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Can Italy grow out of Its NPL overhang? :</subfield><subfield code="b">a panel threshold analysis /</subfield><subfield code="c">by Kamiar Mohaddes, Mehdi Raissi, and Anke Weber.</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">[Washington, D.C.] :</subfield><subfield code="b">International Monetary Fund,</subfield><subfield code="c">2017.</subfield></datafield><datafield tag="264" ind1=" " ind2="4"><subfield code="c">©2017</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">computer</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">online resource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">IMF Working Papers,</subfield><subfield code="x">1018-5941 ;</subfield><subfield code="v">WP/17/66</subfield></datafield><datafield tag="588" ind1="0" ind2=" "><subfield code="a">Print version record.</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">This paper examines whether a tipping point exists for real GDP growth in Italy above which the ratio of non-performing loans (NPLs) to total loans falls significantly. Estimating a heterogeneous dynamic panel-threshold model with data on 17 Italian regions over the period 1997-2014, we provide evidence for the presence of growth-threshold effects on the NPL ratio in Italy. More specifically, we find that real GDP growth above 1.2 percent, if sustained for a number of years, is associated with a significant decline in the NPLs ratio. Achieving such growth rates requires decisively tackling long-standing structural rigidities and improving the quality of fiscal policy. Given the modest potential growth outlook, however, under which banks are likely to struggle to grow out of their NPL overhang, further policy measures are needed to put the NPL ratio on a firm downward path over the medium term.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Financial crises.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Financial crises</subfield><subfield code="z">Italy.</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS</subfield><subfield code="x">Industries</subfield><subfield code="x">General.</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Financial crises</subfield><subfield code="2">fast</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">Italy</subfield><subfield code="2">fast</subfield><subfield code="1">https://id.oclc.org/worldcat/entity/E39PBJvd8mVMcRhwVmbtcqCPcP</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Raissi, Mehdi,</subfield><subfield code="e">author.</subfield><subfield code="0">http://id.loc.gov/authorities/names/no2010109578</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Weber, Anke,</subfield><subfield code="e">author.</subfield></datafield><datafield tag="758" ind1=" " ind2=" "><subfield code="i">has work:</subfield><subfield code="a">Can Italy grow out of Its NPL overhang? (Text)</subfield><subfield code="1">https://id.oclc.org/worldcat/entity/E39PCGqG4gJX7r4PPdm7QmY8wd</subfield><subfield code="4">https://id.oclc.org/worldcat/ontology/hasWork</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Print version:</subfield><subfield code="a">Mohaddes, Kamiar.</subfield><subfield code="t">Can Italy Grow Out of Its NPL Overhang? A Panel Threshold Analysis.</subfield><subfield code="d">Washington, D.C. : International Monetary Fund, ©2017</subfield><subfield code="z">9781475588651</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">IMF working paper ;</subfield><subfield code="v">WP/17/66.</subfield><subfield code="0">http://id.loc.gov/authorities/names/no89010263</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-4-EBA</subfield><subfield code="q">FWS_PDA_EBA</subfield><subfield code="u">https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1496814</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">ProQuest Ebook Central</subfield><subfield code="b">EBLB</subfield><subfield code="n">EBL4835184</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">EBSCOhost</subfield><subfield code="b">EBSC</subfield><subfield code="n">1496814</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">ProQuest MyiLibrary Digital eBook Collection</subfield><subfield code="b">IDEB</subfield><subfield code="n">cis37939769</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">YBP Library Services</subfield><subfield code="b">YANK</subfield><subfield code="n">13956144</subfield></datafield><datafield tag="994" ind1=" " ind2=" "><subfield code="a">92</subfield><subfield code="b">GEBAY</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-4-EBA</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| geographic | Italy fast https://id.oclc.org/worldcat/entity/E39PBJvd8mVMcRhwVmbtcqCPcP |
| geographic_facet | Italy |
| id | ZDB-4-EBA-ocn981964552 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-27T13:27:46Z |
| institution | BVB |
| isbn | 1475588917 9781475588910 |
| issn | 1018-5941 1018-5941 ; |
| language | English |
| oclc_num | 981964552 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource |
| psigel | ZDB-4-EBA |
| publishDate | 2017 |
| publishDateSearch | 2017 |
| publishDateSort | 2017 |
| publisher | International Monetary Fund, |
| record_format | marc |
| series | IMF working paper ; |
| series2 | IMF Working Papers, |
| spelling | Mohaddes, Kamiar, author. http://id.loc.gov/authorities/names/no2010109577 Can Italy grow out of Its NPL overhang? : a panel threshold analysis / by Kamiar Mohaddes, Mehdi Raissi, and Anke Weber. [Washington, D.C.] : International Monetary Fund, 2017. ©2017 1 online resource text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF Working Papers, 1018-5941 ; WP/17/66 Print version record. This paper examines whether a tipping point exists for real GDP growth in Italy above which the ratio of non-performing loans (NPLs) to total loans falls significantly. Estimating a heterogeneous dynamic panel-threshold model with data on 17 Italian regions over the period 1997-2014, we provide evidence for the presence of growth-threshold effects on the NPL ratio in Italy. More specifically, we find that real GDP growth above 1.2 percent, if sustained for a number of years, is associated with a significant decline in the NPLs ratio. Achieving such growth rates requires decisively tackling long-standing structural rigidities and improving the quality of fiscal policy. Given the modest potential growth outlook, however, under which banks are likely to struggle to grow out of their NPL overhang, further policy measures are needed to put the NPL ratio on a firm downward path over the medium term. Financial crises. Financial crises Italy. BUSINESS & ECONOMICS Industries General. bisacsh Financial crises fast Italy fast https://id.oclc.org/worldcat/entity/E39PBJvd8mVMcRhwVmbtcqCPcP Raissi, Mehdi, author. http://id.loc.gov/authorities/names/no2010109578 Weber, Anke, author. has work: Can Italy grow out of Its NPL overhang? (Text) https://id.oclc.org/worldcat/entity/E39PCGqG4gJX7r4PPdm7QmY8wd https://id.oclc.org/worldcat/ontology/hasWork Print version: Mohaddes, Kamiar. Can Italy Grow Out of Its NPL Overhang? A Panel Threshold Analysis. Washington, D.C. : International Monetary Fund, ©2017 9781475588651 IMF working paper ; WP/17/66. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1496814 Volltext |
| spellingShingle | Mohaddes, Kamiar Raissi, Mehdi Weber, Anke Can Italy grow out of Its NPL overhang? : a panel threshold analysis / IMF working paper ; Financial crises. Financial crises Italy. BUSINESS & ECONOMICS Industries General. bisacsh Financial crises fast |
| title | Can Italy grow out of Its NPL overhang? : a panel threshold analysis / |
| title_auth | Can Italy grow out of Its NPL overhang? : a panel threshold analysis / |
| title_exact_search | Can Italy grow out of Its NPL overhang? : a panel threshold analysis / |
| title_full | Can Italy grow out of Its NPL overhang? : a panel threshold analysis / by Kamiar Mohaddes, Mehdi Raissi, and Anke Weber. |
| title_fullStr | Can Italy grow out of Its NPL overhang? : a panel threshold analysis / by Kamiar Mohaddes, Mehdi Raissi, and Anke Weber. |
| title_full_unstemmed | Can Italy grow out of Its NPL overhang? : a panel threshold analysis / by Kamiar Mohaddes, Mehdi Raissi, and Anke Weber. |
| title_short | Can Italy grow out of Its NPL overhang? : |
| title_sort | can italy grow out of its npl overhang a panel threshold analysis |
| title_sub | a panel threshold analysis / |
| topic | Financial crises. Financial crises Italy. BUSINESS & ECONOMICS Industries General. bisacsh Financial crises fast |
| topic_facet | Financial crises. Financial crises Italy. BUSINESS & ECONOMICS Industries General. Financial crises Italy |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1496814 |
| work_keys_str_mv | AT mohaddeskamiar canitalygrowoutofitsnploverhangapanelthresholdanalysis AT raissimehdi canitalygrowoutofitsnploverhangapanelthresholdanalysis AT weberanke canitalygrowoutofitsnploverhangapanelthresholdanalysis |