Festić, Mejra; Repina, Sebastijan; Kavkler, Alenka - In: Swiss Journal of Economics and Statistics (SJES) 145 (2009) III, pp. 269-291
We tested for the significance of macroeconomic variables that condition nonperforming loan (NPL) ratios. The hypothesis of procyclicality between economic activity and improving NPL ratio in the Baltic States was proved. The increased economic activity improved the NPL ratio. Due to a high...