Public policy and financial stability: The impact of PCA and TARP on U.S. bank non-performing loans
This study explores the implications of prompt corrective action and the Troubled Asset Relief Program on the behaviour of non-performing loans (NPLs) and real estate non-performing loans (RELs) in the United States over 1984–2015 using a Markov switching framework. We find that NPLs and RELs exhibi...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
John Wiley and Sons Ltd
2018
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |