دانلود مقاله ISI انگلیسی شماره 92641
کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
92641 2017 43 صفحه PDF سفارش دهید 10723 کلمه
خرید مقاله
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عنوان انگلیسی
Sector-specific analysis of non-performing loans in the US banking system and their macroeconomic impact
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Economics and Business, Volume 93, September–October 2017, Pages 29-45

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چکیده انگلیسی

Although a growing literature has analyzed the determinants of non-performing loans (henceforth NPLs), very few studies have explored the issue at the disaggregate level. Such an analysis unmasks important differences in the inter-relationships between macroeconomic and balance sheet conditions and different categories of NPLs. The present study examines sector-specific NPLs in the US using data for the 100 largest commercial banks over the period 1992q4-2016q1. While total NPLs remain sensitive to different balance sheet and US macroeconomic conditions, this is most accentuated for real estate loans and its different constituent categories, and commercial & industrial loans. The paper further explores the impact of NPLs on sector-specific product and labor markets. Total NPLs have the most pronounced effect on US housing prices, real GDP growth and housing starts. At the disaggregate level, non-performing construction & land development and C&I loans have the most persistent pernicious impact on corresponding sector-specific employment growth.

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