Bebczuk, Ricardo; Sangiácomo, Máximo - Banco Central de la República Argentina - 2007
The purpose of this paper is to analyze, for the first time, the characteristics of non-performing loans in the … percentage of non-performing loans is closely related to the business cycle, even though such correlation comes to a halt during … non-performing loans seems to have an inverted U shape on average, increasing up to intermediate tranches and then falling …