Loan renegotiation and the long-term impact on total factor productivity
When a loan is close to becoming non-performing, banks have stronger incentives to renegotiate it in favourable conditions for the borrower (loan forbearance) rather than for recognising and resolving the non-performing loan. At the aggregated level and looking at borrowers (non-financial corporatio...
Main Author: | |
---|---|
Format: | Article |
Language: | English |
Published: |
Elsevier
2022-12-01
|
Series: | Latin American Journal of Central Banking |
Subjects: | |
Online Access: | http://www.sciencedirect.com/science/article/pii/S266614382200028X |