Skarica, Bruna - In: Financial Theory and Practice 38 (2014) 1, pp. 37-59
This paper analyses the determinants of the changes in the non-performing loan (NPL) ratio in selected European emerging markets. The model was estimated on a panel dataset using a fixed effects estimator for seven Central and Eastern European (CEE) countries between Q3:2007 and Q3:2012. The...