{"id":3141,"date":"2021-05-02T14:01:39","date_gmt":"2021-05-02T11:01:39","guid":{"rendered":"http:\/\/hardouvelis.gr\/?p=3141"},"modified":"2023-08-05T13:57:27","modified_gmt":"2023-08-05T10:57:27","slug":"gikas-hardouvelis-financial-crisis-and-non-performing-exposures-in-greece","status":"publish","type":"post","link":"https:\/\/hardouvelis.gr\/el\/gikas-hardouvelis-financial-crisis-and-non-performing-exposures-in-greece\/","title":{"rendered":"Financial Crisis and Non-Performing Exposures in Greece, a recent analysis by Professor Gikas Hardouvelis"},"content":{"rendered":"

<\/p>\n

Financial Crisis and Non-Performing Exposures in Greece<\/strong><\/span><\/h1>\n

SUMMARY<\/span><\/h2>\n

The article describes the history of the Greek banking crisis of the decade 2010-2019 as well as the challenges Greek banks face today.\u00a0 Some banks are out of the woods, yet increased profitability is a one-way street, in the midst of a low interest rate environment and increased competition from Big Tech companies.\u00a0 A fast reduction of the high level of Non-Performing Exposures (NPEs) to single digits is constrained by the availability of capital and by the legislation on Deferred Tax Credit.\u00a0 The article provides a sensitivity analysis of the bank capital needs as a function of the price haircut in non-performing loan securitizations demanded by the market and of the strictness of the minimum core equity capital requirements enforced by the regulator.\u00a0\u00a0<\/span><\/h2>\n

 <\/p>\n

The article is translated from the original article in Greek, published in a book of conference proceedings, entitled: \u201cObligations of Financial Institutions<\/em>,\u00a0Proceedings from the 29th Panhellenic Conference on Commercial Law<\/em>,\u201d pp.245-298, edited by the Association of Greek Commercialists, Nomiki Vivliothiki, Athens, 2021.<\/p>\n

Download Paper (EN version)<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Financial Crisis and Non-Performing Exposures in Greece SUMMARY The article describes the history of the Greek banking crisis of the<\/p>\n","protected":false},"author":1,"featured_media":4399,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[3251],"yst_prominent_words":[349,293,2212,89,230,345,3021,420,2814,2813],"class_list":["post-3141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-academic-publications","tag-academic-publications"],"acf":[],"_links":{"self":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/3141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/comments?post=3141"}],"version-history":[{"count":25,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/3141\/revisions"}],"predecessor-version":[{"id":3595,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/3141\/revisions\/3595"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/media\/4399"}],"wp:attachment":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/media?parent=3141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/categories?post=3141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/tags?post=3141"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/yst_prominent_words?post=3141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}