Sánchez Serrano, Antonio - In: Latin American journal of central banking : LAJCB 3 (2022) 4, pp. 1-20
When a loan is close to becoming non-performing, banks have stronger incentives to renegotiate it in favourable conditions for the borrower (loan forbearance) rather than for recognising and resolving the non-performing loan. At the aggregated level and looking at borrowers (non-financial...