Cookies?
Library Header Image
LSE Research Online LSE Library Services

The political economy of NPLs resolution: ownership and conditionality

Panagiotarea, Eleni (2016) The political economy of NPLs resolution: ownership and conditionality. LSE Greece@LSE (13 Oct 2016). Blog Entry.

[img]
Preview
PDF
Download (47kB) | Preview

Abstract

Greece’s non-performing exposure ratio is the second highest in Europe, largely linked to the unprecedented contraction of domestic economic activity in recent years. Causality is known to go both ways, with persistently high non-performing loans (NPLs) constituting a drag on credit and GDP growth. Theoretically, Greek governments keen to reduce the debt overhang and restore the productive pillars of the economy should have created the conditions for a rapid and effective workout of NPLs. The country’s third bailout programme has provided a road map for reform, with the Institutions bent on facilitating or enforcing ownership. Conditionality, anchored on a ‘reforms for cash’ logic, has reduced perceived or real margins for noncompliance.

Item Type: Online resource (Blog Entry)
Official URL: http://blogs.lse.ac.uk/greeceatlse/
Additional Information: © 2016 The Author(s); Online
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
J Political Science > JC Political theory
J Political Science > JN Political institutions (Europe)
Sets: Collections > Greece@LSE Blog
Date Deposited: 31 May 2017 08:40
Last Modified: 15 Jun 2019 23:20
URI: http://eprints.lse.ac.uk/id/eprint/79283

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics