Palgrave Macmillan Studies in Banking and Financial Institutions

Non-Performing Loans and Resolving Private Sector Insolvency

Experiences from the EU Periphery and the Case of Greece

Editors: Monokroussos, Platon, Gortsos, Christos (Eds.)

  • Explores the issue of private sector over-indebtedness following the recent financial crisis
    Addresses the various challenges for policymakers, investors and economic agents
    Examines the issue of over indebtedness in the household sector

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eBook £95.50
price for United Kingdom (gross)
  • ISBN 978-3-319-50313-4
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  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover £119.99
price for United Kingdom (gross)
  • ISBN 978-3-319-50312-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

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.

About the authors

Platon Monokroussos is Group Chief Economist and Deputy General Manager of Eurobank Ergasias S.A. He is a Senior Visiting Fellow at the Hellenic Observatory of the London School of Economics and Political Science. He is Chairman of the Scientific Council of the Hellenic Bank Association and its representative to the Chief Economists’ Group (CEG) of the European Banking Federation. Before joining Eurobank, he held high-level positions in leading financial institutions, including ABN AMRO and Bank of America. Dr Monokroussos has written extensively on contemporary macroeconomic and financial issues and is co-editor of the book “A Financial Crisis Manual: Reflections and the Road Ahead” (Palgrave). In recent years, his team has repeatedly been included in the Reuters top-10 list of most accurate global forecasters of major exchange rates.

Christos V. Gortsos is Professor of International Economic Law at the Panteion University of Athens, Greece. In addition, he has multiple standing teaching assignments across leading institutions such as the Law School of the National and Kapodistrian University of Athens in Greece, the Faculty of Law at Izmir University of Economics in Turkey, the European Institute at Zurich University in Switzerland and the European Institute at Saarland University in Germany. His main fields of teaching are financial regulation, international and EU monetary and financial Law, Greek administrative financial law, general EU law, international trade law, as well as economic analysis of law.

Table of contents (16 chapters)

  • Introduction

    Monokroussos, Platon (et al.)

    Pages 1-14

  • Non-performing Loans: Challenges and Options for Banks and Corporations

    Olivares-Caminal, Rodrigo (et al.)

    Pages 17-45

  • Non-performing Loans: A Review of the Literature and the International Experience

    Nikolopoulos, Konstantinos I. (et al.)

    Pages 47-68

  • The Spanish Experience

    Rubio, Ana (et al.)

    Pages 71-92

  • Non-performing Loans in Ireland: Property Development Versus Mortgage Lending

    Coffey, Seamus

    Pages 93-110

Buy this book

eBook £95.50
price for United Kingdom (gross)
  • ISBN 978-3-319-50313-4
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover £119.99
price for United Kingdom (gross)
  • ISBN 978-3-319-50312-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Non-Performing Loans and Resolving Private Sector Insolvency
Book Subtitle
Experiences from the EU Periphery and the Case of Greece
Editors
  • Platon Monokroussos
  • Christos Gortsos
Series Title
Palgrave Macmillan Studies in Banking and Financial Institutions
Copyright
2017
Publisher
Palgrave Macmillan
Copyright Holder
The Hellenic Bank Association
eBook ISBN
978-3-319-50313-4
DOI
10.1007/978-3-319-50313-4
Hardcover ISBN
978-3-319-50312-7
Series ISSN
2523-336X
Edition Number
1
Number of Pages
XXVI, 438
Number of Illustrations
54 b/w illustrations
Topics