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Problem Loans in the Caribbean: Determinants, Impact and Strategies for Resolution

2017-11-07 Business & Economics
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Release : 2017-11-07
Genre : Business & Economics
Kind : eBook
Book Rating : 020/5 ( reviews)

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Book Synopsis Problem Loans in the Caribbean: Determinants, Impact and Strategies for Resolution by : Ms.Kimberly Beaton

Download or read book Problem Loans in the Caribbean: Determinants, Impact and Strategies for Resolution written by Ms.Kimberly Beaton. This book was released on 2017-11-07. Available in PDF, EPUB and Kindle. Book excerpt: The high level of nonperforming loans (NPLs) in the Caribbean has been, in large part, a legacy of the global financial crisis, but their persistence owes much to the weak economic recovery in the region, as well as to structural obstacles to their resolution. A comprehensive strategy is needed to address these impediments to sever the adverse feedback loops between weak economic activity and weak asset quality. This paper finds that NPLs are a drag on Caribbean growth and macro-financial links are strong: a deterioration in asset quality hinders bank lending and dampens economic activity, undermining, in turn, efforts to resolve problem loans. A multifaceted approach is needed, involving a combination of macro- economic policies to support growth and employment; strong supervisory frameworks to ensure macro-financial stability and create incentives for resolution; efforts to address informational gaps and deficiencies in insolvency and debt-enforcement frameworks; and development of markets for distressed loans. The institutional capacity constraints require coordination of reforms within the region and support from international organizations through capacity-building.

Problem Loans in the Caribbean: Determinants, Impact and Strategies for Resolution

2017-11-07 Business & Economics
Download Problem Loans in the Caribbean: Determinants, Impact and Strategies for Resolution PDF Online Free

Author :
Release : 2017-11-07
Genre : Business & Economics
Kind : eBook
Book Rating : 571/5 ( reviews)

GET EBOOK


Book Synopsis Problem Loans in the Caribbean: Determinants, Impact and Strategies for Resolution by : Ms.Kimberly Beaton

Download or read book Problem Loans in the Caribbean: Determinants, Impact and Strategies for Resolution written by Ms.Kimberly Beaton. This book was released on 2017-11-07. Available in PDF, EPUB and Kindle. Book excerpt: The high level of nonperforming loans (NPLs) in the Caribbean has been, in large part, a legacy of the global financial crisis, but their persistence owes much to the weak economic recovery in the region, as well as to structural obstacles to their resolution. A comprehensive strategy is needed to address these impediments to sever the adverse feedback loops between weak economic activity and weak asset quality. This paper finds that NPLs are a drag on Caribbean growth and macro-financial links are strong: a deterioration in asset quality hinders bank lending and dampens economic activity, undermining, in turn, efforts to resolve problem loans. A multifaceted approach is needed, involving a combination of macro- economic policies to support growth and employment; strong supervisory frameworks to ensure macro-financial stability and create incentives for resolution; efforts to address informational gaps and deficiencies in insolvency and debt-enforcement frameworks; and development of markets for distressed loans. The institutional capacity constraints require coordination of reforms within the region and support from international organizations through capacity-building.

Non-Performing Loans in the ECCU

2016-11-17 Business & Economics
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Release : 2016-11-17
Genre : Business & Economics
Kind : eBook
Book Rating : 733/5 ( reviews)

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Book Synopsis Non-Performing Loans in the ECCU by : Ms.Kimberly Beaton

Download or read book Non-Performing Loans in the ECCU written by Ms.Kimberly Beaton. This book was released on 2016-11-17. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the determinants of NPLs in the Eastern Caribbean Currency Union (ECCU) and whether a deterioration in asset quality may result in negative feedback effects from the banking system to economic activity. The results suggest that the deterioration in asset quality can be attributed to both macroeconomic and bank-specific factors. Banks with stronger profitability and lower exposure to the construction sector and household loans tend to have lower NPLs. Further, some evidence indicates that foreign owned banks systematically have lower NPLs than domestic banks, pointing to the presence of important differences across bank practices with an impact on asset quality. Finally, the results emphasize the strength of macrofinancial feedback loops in the ECCU.

Unleashing Growth and Strengthening Resilience in the Caribbean

2017-11-13 Business & Economics
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Release : 2017-11-13
Genre : Business & Economics
Kind : eBook
Book Rating : 197/5 ( reviews)

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Book Synopsis Unleashing Growth and Strengthening Resilience in the Caribbean by : Mr.Krishna Srinivasan

Download or read book Unleashing Growth and Strengthening Resilience in the Caribbean written by Mr.Krishna Srinivasan. This book was released on 2017-11-13. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a diagnosis of the central economic and financial challenges facing Caribbean policymakers and offers broad policy recommendations for promoting a sustained and inclusive increase in economic well-being. The analysis highlights the need for Caribbean economies to make a concerted effort to break the feedback loops between weak macroeconomic fundamentals, notably pertaining to fiscal positions and financial sector strains, and structural impediments, such as high electricity costs, limited financial deepening, violent crime, and brain drain, which have depressed private investment and growth. A recurring theme in the book is the need for greater regional coordination in finding solutions to address the Caribbean’s shared and intertwined macroeconomic and structural challenges. The analysis suggests that strengthening regional and global market integration of Caribbean economies would provide an impetus to sustained growth in incomes and jobs. Greater regional and global economic integration would also facilitate structural transformation and a shift toward new economic activities, resulting in more diversified and less vulnerable economies. A central challenge for the Caribbean is thus to come together as a region, overcome the limitations posed by size, and garner the benefits of globalization. Efforts should build on existing regional arrangements; accelerating progress in implementing these agreements would stimulate trade. Policymakers could also promote deeper integration with Latin America and the rest of the world by pursuing new trade agreements, leveraging current agreements more effectively, or deepening them to include areas beyond traditional trade issues, and developing port and transport infrastructure.

An Ethical Turn in Governance

2021-04-09 Political Science
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Release : 2021-04-09
Genre : Political Science
Kind : eBook
Book Rating : 981/5 ( reviews)

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Book Synopsis An Ethical Turn in Governance by : Pearson A. Broome

Download or read book An Ethical Turn in Governance written by Pearson A. Broome. This book was released on 2021-04-09. Available in PDF, EPUB and Kindle. Book excerpt: The recurring image throughout the developing world is one of the disintegration of civil order debilitating leaders into a crisis of governance. Not a day goes by without extensive media coverage of some form of corruption, perceived or real, concerning the lack of productivity and/or increasing incidences of fraud and unethical behavior. An Ethical Turn in Governance: The Call for a New Development Narrative posits that the intensification of this crisis is compatible with the root cause of capitalist modernization with its rapid and disorientating changes. To mitigate the accompanying effects, a call is made for [re]conceptualization of the search for a solution through incorporating and strengthening the value of an ethical consciousness in our thinking and policies of governance. The idea is an urgent possibility, perhaps even a controversial and ambitious proposal, for countriesto begin imagining how it might be brought about and what it would look like. The central aim and objective is to move toward a framework for continued theory development and empirical research, thereby offering a new narrative on governance and, by extension, development. Recognizing that the inclusion of an ethical turn in governance is fraught with difficulty because of the different opinions, the relativism of different value systems, and options identified often derived from the perspectives of various stakeholders, a call is made for an interactive discourse in the public sphere. The argument advanced is that a body politic with sensible social values germane to the policy process is the best way in which human conduct is ordered, guided, and appraised in order to live together in well-functioning societies critical for the success of any democracy.

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