This book traces trends in nonperforming loans (NPLs) during and after financial crises in Asia and Europe. It examines the impact of high NPLs, compares the effectiveness of resolution strategies, and explores policy considerations.

The volume highlights the need for decisive and comprehensive policy action to help manage NPLs swiftly. It explores the legal and economic conditions conducive to NPL resolution, the role of asset management companies, the potential of technological solutions, and the importance of regional financial cooperation. It provides insights to help policy makers chart a course through the financial and economic fallout of the coronavirus disease (COVID-19) pandemic to recovery and sustained financial stability in Asia, Europe, and beyond. The publication is a collaborative project of the Asian Development Bank and the European Central Bank.

Contents:

• Summary of Nonperforming Loan Trends and Lessons from Three Decades of Crisis Resolution in Asia and Europe
• Empirical Analyses of the Macrofinancial Implications of Nonperforming Loans in Asia and Europe
• Country Case Studies on Nonperforming Loan Resolution in Asia and Europe
• Policy Strategies for Nonperforming Loan Resolution and Market Development in Asia and Europe