potential macrofinancial feedback effects, and the implications for financial stability in the region. Using a dynamic panel …, a panel vector autoregression analysis of macrofinancial implications of NPLs in emerging Asia offers significant …

countries. 4 independent drivers and yearly data between 2006 and 2018 are analyzed by using heterogeneous panel analysis. The … effect whereas foreign exchange rates (FER) have a statistically insignificant positive effect on NPL for the overall panel … countries at the country base; (iv) negative coefficients for credits, savings, and GDP are consistent in both overall panel and …