| Non-Performing Loans and Resolving Private Sector Insolvency: Experiences from the EU Periphery and the Case of Greece Softcover Repri Edition Contributor(s): Monokroussos, Platon (Editor), Gortsos, Christos (Editor) |
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ISBN: 3319843729 ISBN-13: 9783319843728 Publisher: Palgrave MacMillan OUR PRICE: $161.49 Product Type: Paperback - Other Formats Published: August 2018 |
| Additional Information |
| BISAC Categories: - Business & Economics | Banks & Banking - Business & Economics | Public Finance - Business & Economics | Insurance - Risk Assessment & Management |
| Dewey: 336 |
| Series: Palgrave MacMillan Studies in Banking and Financial Institut |
| Physical Information: 438 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: This book explores the issue of private sector over-indebtedness following the recent financial crisis. It addresses the various challenges for policymakers, investors and economic agents affected by applied remedial policies as the private non-financial sector in Europe continues to face increased challenges in servicing its debt, with the problem mainly concentrated in several countries in the EU periphery and Eastern Europe. Chapters from expert contributors address reduced investment as firms concentrate on deleveraging and repairing their balance sheets, curtailed consumer spending, depressed collateral values and weak credit creation. They examine effective policies to facilitate private sector debt restructuring which may involve significant upfront costs in terms of time to implement and committed budgetary resources, as well as necessary reforms required to improve the broader institutional framework and judicial capacity. The book also explores the issue of over indebtedness in the household sector, contributing to the literature in establishing best practice principles for household debt. |