Click Here to Download: https://ouo.io/6WVgi2 Non-Performing Loans and Resolving Private Sector Insolvency Experiences from the EU Periphery and the Case of Greece By: Platon Monokroussos Publisher: Palgrave Macmillan Print ISBN: 9783319503127, 331950312X eText ISBN: 9783319503134, 3319503138 Copyright year: 2017 Format: PDF Available from $ 159.00 USD SKU 9783319503134 This book explores the issue of private sector over-indebtedness following the recent financial crisis. It addresses the various challenges for policymakers, investors and economic agents affected by applied remedial policies as the private non-financial sector in Europe continues to face increased challenges in servicing its debt, with the problem mainly concentrated in several countries in the EU periphery and Eastern Europe. Chapters from expert contributors address reduced investment as firms concentrate on deleveraging and repairing their balance sheets, curtailed consumer spending, depressed collateral values and weak credit creation. They examine effective policies to facilitate private sector debt restructuring which may involve significant upfront costs in terms of time to implement and committed budgetary resources, as well as necessary reforms required to improve the broader institutional framework and judicial capacity. The book also explores the issue of over indebtedness in the household sector, contributing to the literature in establishing best practice principles for household debt.
