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...
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| Format: | Article |
| Language: | English |
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Elsevier
2022-12-01
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| Series: | Latin American Journal of Central Banking |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S266614382200028X |