External deficits and non-performing loans in the recent financial crisis |
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Authors: | Karlo Kauko |
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Affiliation: | Bank of Finland, PO Box 160, 00101 Helsinki, Finland |
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Abstract: | This paper analyses the deterioration of bank credit quality during the recent financial crisis in a cross-national sample. Rapid credit growth in 2000-2005 predicted the relative amount of non-performing loans only if it was combined with a current account deficit. |
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Keywords: | G01 F41 |
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