This paper provides a new perspective to evaluate the economic role played by banks in non-performing loans (NPLs) accumulation. We estimate a benchmark NPL levels on the judicial inefficiency dimension, controlling for country- and bank-specific factors. To this end, first, we empirically...

Preface -- 1 An Introduction to the Econometrics of Program Evaluation -- 2 Methods Based on Selection on Observables -- 3 Methods Based on Selection on Unobservables -- 4 Local Average Treatment Effect and Regression-Discontinuity-Design.