Series: Staff Discussion Notes
Author(s): Wolfgang Bergthaler , Kenneth Kang , Yan Liu , and Dermot Monaghan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 March 2015
Keywords: Corporate sector, Debt restructuring, Business enterprises, Bankruptcy, Europe, Economic recovery, Insolvency, Non-performing loans, SME, debt distress
The global financial crisis has left a large private sector debt overhang and high levels of non- performing loans (NPLs) in several European countries. Small and medium-size enterprises (SMEs) represent a signific...