| Description |
1 online resource (54 pages) |
| Series |
IMF Working Paper ; WP/17/230 |
|
IMF working paper ; WP/17/230.
|
| Summary |
The high level of nonperforming loans (NPLs) in the Caribbean has been, in large part, a legacy of the global financial crisis, but their persistence owes much to the weak economic recovery in the region, as well as to structural obstacles to their resolution. A comprehensive strategy is needed to address these impediments to sever the adverse feedback loops between weak economic activity and weak asset quality. This paper finds that NPLs are a drag on Caribbean growth and macro-financial links are strong: a deterioration in asset quality hinders bank lending and dampens economic activity, undermining, in turn, efforts to resolve problem loans. A multifaceted approach is needed, involving a combination of macro- economic policies to support growth and employment; strong supervisory frameworks to ensure macro-financial stability and create incentives for resolution; efforts to address informational gaps and deficiencies in insolvency and debt-enforcement frameworks; and development of markets for distressed loans. The institutional capacity constraints require coordination of reforms within the region and support from international organizations through capacity-building |
| Notes |
Available in PDF, ePUB, and Mobi formats on the Internet |
|
Online resource; title from PDF title page (IMF, viewed Apr. 27, 2020) |
| Subject |
Banks.
|
| SUBJECT |
Antigua and Barbuda. http://id.loc.gov/authorities/names/n83129820
|
| Subject |
Antigua and Barbuda
|
|
Asia and Pacific.
|
|
Antigua And Barbuda.
|
|
Bahamas, The.
|
| Form |
Electronic book
|
| Author |
Chiedu Okwuokei, Joel, author
|
|
International Monetary Fund.
|
| ISBN |
1484326571 |
|
9781484326572 |
|
