| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14379 |
| DP14379 Bad bank resolutions and bank lending | |
| Michael Brei; Leonardo Gambacorta; Marcella Lucchetta; Bruno Parigi | |
| 发表日期 | 2020-02-03 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | The paper investigates whether impaired asset segregation tools, otherwise known as bad banks, and recapitalisation lead to a recovery in the originating banks’ lending and a reduction in non-performing loans (NPLs). Results are based on a novel data set covering 135 banks from 15 European banking systems over the period 2000–16. The main finding is that bad bank segregations are effective in cleaning up balance sheets and promoting bank lending only if they combine recapitalisation with asset segregation. Used in isolation, neither tool will suffice to spur lending and reduce future NPLs. Exploiting the heterogeneity in asset segregation events, we find that asset segregation is more effective when: (i) asset purchases are funded privately; (ii) smaller shares of the originating bank’s assets are segregated; and (iii) asset segregation occurs in countries with more efficient legal systems. Our results continue to hold when we address the potential endogeneity problem associated with the creation of a bad bank. |
| 主题 | Financial Economics |
| 关键词 | Bad banks Resolutions lending Non-performing loans Rescue packages Recapitalisations |
| URL | https://cepr.org/publications/dp14379 |
| 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/543273 |
| 推荐引用方式 GB/T 7714 | Michael Brei,Leonardo Gambacorta,Marcella Lucchetta,et al. DP14379 Bad bank resolutions and bank lending. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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