INVESTIGATING THE INFLUENCE OF THE SHADOW ECONOMY ON NON-PERFORMING LOANS IN EUROPEAN ECONOMIES: A PANEL GMM ANALYSIS
In this paper, we use panel data containing all EU27 countries from the 2010 to 2022 period to investigate the impact exhibited by the shadow economy on the level of NPLs. Based on a Panel GMM approach we reveal a negative connection, indicating that Countries with larger informal sectors often...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
“Victor Slăvescu” Centre for Financial and Monetary Research
2023-12-01
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| Series: | Financial Studies |
| Subjects: | |
| Online Access: | http://fs.icfm.ro/Paper.03.FS4.2023.pdf |