Can Italy Grow Out of Its NPL Overhang? A Panel Threshold Analysis

Can Italy Grow Out of Its NPL Overhang? A Panel Threshold Analysis
This paper examines whether a tipping point exists for real GDP growth in Italy above which the ratio of non-performing loans (NPLs) to total loans falls significantly. Estimating a heterogeneous dynamic panel-threshold model with data on 17 Italian regions over the period 1997–2014, we provide evidence for the presence of growth-threshold... READ MORE...

Publication date: March 2017
ISBN 9781475588651
$18.00

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