Bank lending during the transition perio
✍
Tjark Schütte
📂
Article
📅
1996
🏛
Springer US
🌐
English
⚖ 568 KB
This paper develops a model for bank lending in economies in transition. Many loans in the bank's portfolio are non-performing as former state-owned companies are still to be restructured and therefore at least in the short-run short of cash-flow to service their loans. The bank now faces the follow