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New development: Can ‘public’ market-based solutions restore the banking system? The case of non-performing loans (NPLs)

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  • Eleonora Broccardo
  • Maria Mazzuca

Abstract

The authors discuss how policy-makers could use new market-based solutions to dismantle NPLs. They examine viable solutions for NPLs and then study the Italian State Guarantee Scheme for NPL Securitization (GACS) to highlight how public actors could efficiently use public resources to solve the NPL problem.

Suggested Citation

  • Eleonora Broccardo & Maria Mazzuca, 2017. "New development: Can ‘public’ market-based solutions restore the banking system? The case of non-performing loans (NPLs)," Public Money & Management, Taylor & Francis Journals, vol. 37(7), pages 515-520, November.
    • Handle: RePEc:taf:pubmmg:v:37:y:2017:i:7:p:515-520
    DOI: 10.1080/09540962.2017.1338430
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    References listed on IDEAS

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    1. Chiesa, Gabriella, 2008. "Optimal credit risk transfer, monitored finance, and banks," Journal of Financial Intermediation, Elsevier, vol. 17(4), pages 464-477, October.
    2. James Daniel & Jose M Garrido & Marina Moretti, 2016. "Debt Equity Conversions and NPL Securitization in China; Some Initial Considerations," IMF Technical Notes and Manuals 16/05, International Monetary Fund.
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