New development: Can ‘public’ market-based solutions restore the banking system? The case of non-performing loans (NPLs) |
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| Authors: | Eleonora Broccardo Maria Mazzuca |
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| 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. |
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| Keywords: | Banks non-performing loans public finance public guarantee securitization |
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