title={A Remedy Framework in the Resolution of Non-performing Loans},
author={Demetra Demetriou},
journal={Multinational Finance Journal},
publisher={Multinational Finance Society; Global Business Publications},
keywords={Non-performing loans (NPLs); remedy framework; asset management company; lending behavior; moral hazards},
abstract={The aim of the paper is to stimulate the discussion around the recent increase in NPLs across several industrial countries by proposing a remedy framework for the resolution of non-performing loans (NPLs). The framework focuses on providing a reprieve to borrowers until they can recover financially and regain the ability to service their loans. In this respect, this paper proposes the establishment of a state-owned asset management company and attempts to find a balance between incentivizing the participation of banks regarding the disposal of NPLs and limiting risks to the state while avoiding moral hazard situations..},