High level of Non-Performing Loans (NPLs) have been a long lasting concern with several influxes resulting from the GFC, COVID pandemic, and Russia’s invasion of Ukraine. NPLs are concentrated in the banking...
The 2019 World Bank doing business data shows that Sub-Saharan Africa has a lower creditor recovery rate than any other region in the world. Clearly, there are many different issues related to financial...
The main objective of this report is to introduce Korea’s experiences in the resolution of non-performing assets (NPAs) after the 1997 financial crisis. Starting with the descriptions over the situation...
Most economists and specialists in international finance believe that the debt crisis hurts macroeconomic performance, particularly discouraging investment and growth oriented structural reforms. Identifiying...
In 1988, the prices on the secondary market of LDC debt averaged 50 cents per dollar of face value. From the observation of such discount, this paper goes one step further and argues that the debt should...