| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13718 |
| DP13718 Optimally solving banks' legacy problems | |
| Anatoli Segura; Javier Suarez | |
| 发表日期 | 2019-05-06 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We characterize policy interventions directed to minimize the cost to the deposit guarantee scheme and the taxpayers of banks with legacy problems. Non-performing loans (NPLs) with low and risky returns create a debt overhang that induces bank owners to forego profitable lending opportunities. NPL disposal and provisioning requirements can restore the incentives to undertake new lending but, as they force bank owners to absorb losses, can also make them prefer the bank being liquidated. For severe legacy problems, combining those NPL-targeted interventions with positive transfers is optimal and involves no conflict between minimizing the cost to the authority and maximizing overall surplus. |
| 主题 | Financial Economics |
| 关键词 | Non performing loans Deposit insurance Debt overhang Optimal intervention State aid |
| URL | https://cepr.org/publications/dp13718-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542581 |
| 推荐引用方式 GB/T 7714 | Anatoli Segura,Javier Suarez. DP13718 Optimally solving banks' legacy problems. 2019. |
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