81st East Jour Fixe of the Oesterreichische Nationalbank (OeNB)
Nonperforming loans in CESEE: macroeconomic dimension and resolution strategies
Since the global economic and financial crisis nonperforming loans (NPLs) have increasingly taken the spotlight, with NPL ratios quickly reaching unprecedented levels. Recent observations show that high NPLs are both a threat to financial stability and a major stumbling block to economic growth in many countries. Starting from these insights, the OeNB’s 81st East Jour Fixe will focus on the macroeconomic dimension of NPLs and on resolution strategies – particularly for CESEE. Session 1 will set the stage for further discussion by clearly defining NPLs and comparing NPL volumes in CESEE and the euro area. In Session 2, the speakers will shed light on the determinants and macroeconomic impact of NPLs both from a household perspective, using survey data, and from a macroeconomic perspective. Session 3 will highlight various stakeholders’ views on progress made in NPL resolution.
September 18, 2017
Veranstaltungssaal, Oesterreichische Nationalbank, Vienna