Caporale, Guglielmo Maria; Di Colli, Stefano; Lopez, … - In: Economic Modelling 43 (2014) C, pp. 142-157
This paper analyses macroeconomic and financial determinants of bad loans applying a SVAR approach to investigate whether excessive loans granted during expansionary phases can explain the more than proportional increase in non-performing loans during contractionary periods. The results indicate...