OxTalks will soon move to the new Halo platform and will become 'Oxford Events.' There will be a need for an OxTalks freeze. This was previously planned for Friday 14th November – a new date will be shared as soon as it is available (full details will be available on the Staff Gateway).
In the meantime, the OxTalks site will remain active and events will continue to be published.
If staff have any questions about the Oxford Events launch, please contact halo@digital.ox.ac.uk
Non-performing loans have been shown to negatively affect credit supply, investment, and growth. Countries that have struggled to recover from financial crisis typically have had higher and more persistent non-performing loan levels. While these empirical facts have been well established, neither the mechanisms causing the great cross-country heterogeneity in non-performing loan dynamics, nor the channels through which they affect the real economy are well understood. In this paper I propose a structural model with search frictions in secondary capital markets that can link slow capital reallocation and non-performing loans.
