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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...
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Using a unique dataset, which combines bank organizational variables, information on lending techniques, firms' credit … crisis period. Our main findings suggest that the variables shaping the organization of a bank in its lending activity to non …
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