Oxford Events, the new replacement for OxTalks, will launch on 16th March. From now until the launch of Oxford Events, new events cannot be published or edited on OxTalks while all existing records are migrated to the new platform. The existing OxTalks site will remain available to view during this period.
From 16th, Oxford Events will launch on a new website: events.ox.ac.uk, and event submissions will resume. You will need a Halo login to submit events. Full details are available on the Staff Gateway.
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.
