This paper investigates the leading causes of nonperforming loans during the economic and banking crises that affected a large number of countries in Sub-Saharan Africa in the 1990s. Empirical analysis shows a dramatic increase in these loans and extremely high credit risk, with significant differences between the CFA and non-CFA countries, and substantially higher financial costs for the latter sub-panel of countries. The results also highlight a...
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INFORMACIÓN
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2005/11/01
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS3769
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1
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1
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2010/07/01
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Disclosed
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Nonperforming loans in Sub-Saharan Africa : causal analysis and macroeconomic implications
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nonperforming loan