How Long to Read Macro-Financial Linkages and Heterogeneous Non-Performing Loans Projections

How Long Does it Take to Read Macro-Financial Linkages and Heterogeneous Non-Performing Loans Projections?

It takes the average reader and 28 minutes to read Macro-Financial Linkages and Heterogeneous Non-Performing Loans Projections by Francesco Grigoli

Assuming a reading speed of 250 words per minute. Learn more

Description

We propose a stress testing framework of credit risk, which analyzes macro-financial linkages, generates consistent forecasts of macro-financial variables, and projects non-performing loans (NPL) on the basis of such forecasts. Economic contractions are generally associated with increases in NPL. However, despite the common assumption used in the empirical literature of homogeneous impact across banks, the strength of this relationship is often bank-specific, and imposing homogeneity may lead to over or underestimating the resilience of the financial system to macroeconomic woes. Our approach accounts for banks’ heterogeneous reaction to macro-financial shocks in a dynamic context and potential cross-sectional dependence across banks caused by common shocks. An application to Ecuador suggests that substantial heterogeneity is present and that this should be taken into account when trying to anticipate inflections in the quality of portfolio.

How long is Macro-Financial Linkages and Heterogeneous Non-Performing Loans Projections?

Macro-Financial Linkages and Heterogeneous Non-Performing Loans Projections by Francesco Grigoli is 28 pages long, and a total of 7,224 words.

This makes it 9% the length of the average book. It also has 9% more words than the average book.

How Long Does it Take to Read Macro-Financial Linkages and Heterogeneous Non-Performing Loans Projections Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 39 minutes to read Macro-Financial Linkages and Heterogeneous Non-Performing Loans Projections aloud.

What Reading Level is Macro-Financial Linkages and Heterogeneous Non-Performing Loans Projections?

Macro-Financial Linkages and Heterogeneous Non-Performing Loans Projections is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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