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Record Nr. |
UNINA9910155012603321 |
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Autore |
Beaton Kimberly |
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Titolo |
Non-Performing Loans in the ECCU : : Determinants and Macroeconomic Impact / / Kimberly Beaton, Alla Myrvoda, Shernnel Thompson |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2016 |
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ISBN |
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1-4755-5573-3 |
1-4755-5577-6 |
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Descrizione fisica |
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1 online resource (33 pages) : illustrations, tables |
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Collana |
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Altri autori (Persone) |
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MyrvodaAlla |
ThompsonShernnel |
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Disciplina |
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Soggetti |
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Banks and Banking |
Money and Monetary Policy |
Industries: Financial Services |
Business Fluctuations |
Cycles |
Financial Markets and the Macroeconomy |
Money Supply |
Credit |
Money Multipliers |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
Finance |
Banking |
Monetary economics |
Nonperforming loans |
Foreign banks |
Loans |
Financial institutions |
Money |
Commercial banks |
Banks and banking, Foreign |
Banks and banking |
Caribbean Area Economic conditions |
Grenada |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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This paper assesses the determinants of NPLs in the Eastern Caribbean Currency Union (ECCU) and whether a deterioration in asset quality may result in negative feedback effects from the banking system to economic activity. The results suggest that the deterioration in asset quality can be attributed to both macroeconomic and bank-specific factors. Banks with stronger profitability and lower exposure to the construction sector and household loans tend to have lower NPLs. Further, some evidence indicates that foreign owned banks systematically have lower NPLs than domestic banks, pointing to the presence of important differences across bank practices with an impact on asset quality. Finally, the results emphasize the strength of macrofinancial feedback loops in the ECCU. |
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