Joint research unit 7235

The impact of insolvency regime on non-performing loans: a new use of transparency exercise data

Speaker :Mathilde Defouleur (Université Paris Saclay)

Auteurs : Jean-Charles Bricongne, Mathilde Dufouleur

Discutants: Elena Dumitrescu (sénior) et Pablo Aguilar Perez (junior)

Abstract:

This paper sheds new light on law and finance in the post-crisis period by studying the impact of insolvency regimes on non-performing loans. Using a novel database on European transparency exercise data over 2015-2020, our results, based on fixed effects panel specifications, provide an innovative view of the impact of economic and institutional factors on the quality of banks’ loan portfolios. They confirm and capture more precisely the influence of economic cycle indicators like the GDP growth rate and unemployment and shed new light on the importance of the insolvency framework in discussions about loan quality. Unlike prior studies, the specification used, which varies destination at bank level, makes it possible to disentangle the impact of macro factors, institutional quality and bank characteristics. The impact of insolvency regimes, is found to be favourable for bank non-performing loans and, more broadly, for financial stability.

AGENDA

Thursday 1 June 2023

Feebate on new vehicles : pass-through on the second-hand market and distributional impacts

Quentin Hoarau

Feebate on new vehicles : pass-through on the second-hand market and distributional impacts

Thursday 1 June 2023

Lunch

Quentin Hoarau

Feebate on new vehicles : pass-through on the second-hand market and distributional impacts

Friday 2 June 2023

Rencontres économiques

9h30 à 11h30

Le renouveau industriel français est-il encore possible ?

Friday 2 June 2023

Le renouveau industriel français est-il encore possible ?

9h30 à 11h30

Le renouveau industriel français est-il encore possible ?

Thursday 8 June 2023

Doctorants

Sahil Chopra (Université Sorbonne Paris-Nord)

Economics of litigation : Securities class action with third-party funding

Thursday 8 June 2023

Economics of litigation : Securities class action with third-party funding

Sahil Chopra (Université Sorbonne Paris-Nord)

Economics of litigation : Securities class action with third-party funding

Monday 12 June 2023

Law, Institutions and Economics in Nanterre (LIEN)

Arthur Silve (IAST / Univ. Laval)

TBA

Monday 12 June 2023

TBA

Arthur Silve (IAST / Univ. Laval)

TBA

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