Espinoza, Raphael A.; Prasad, Ananthakrishnan - International Monetary Fund (IMF) - 2010
According to a dynamic panel estimated over 1995 - 2008 on around 80 banks in the GCC region, the NPL ratio worsens as …. According to the panel VAR, there could be a strong, albeit short-lived feedback effect from losses in banks’ balance sheets …