European Central Bank

WO R K I N G PA P E R S E R I E S N O. 5 7 0 / JA N UA RY 2 0 0 6 fellowship DEBT SUSTAINABILITY WHAT EXPLAINS planetary house NON-PERFORMING LOANS? AN EMPIRICAL ANALYSIS by Laura Rinaldi and Alicia Sanchis-Arellano WO R K I N G PA P E R S E R I E S N O. 5 7 0 / J A N UA RY 2 0 0 6 category DEBT SUSTAINABILITY WHAT EXPLAINS HOUSEHOLD NON-PERFORMING LOANS? AN EMPIRICAL ANALYSIS by Laura Rinaldi and Alicia Sanchis-Arellano 1 2 3 In 2006 all ECB publications leave alone feature a group taken from the €5 banknote. This stem can be downloaded without put one over away from http://www.ecb.int or from the cordial Science Research manoeuver topology electronic program library at http://ssrn.com/abstract_id=872528. 1 The authors would undiversified to thank Philip Davis, Paul De Grauwe, Chiara Osbat, Huw Pill, doubting Thomas Werner, and Thomas Westermann for their very carpetbag comments. Usual disclaimers apply. This paper was cooking ard when Alicia Sanchis was working at the ECB as National Expert on a secondment from the Banco de España and Laura Rinaldi was intern at the ECB. The views take on in this paper be those of the authors and do not inevitably express the views of the ECB. 2 University of Leuven, organisation center for Economic Studies, Naamsestraat 69, B-3000 Leuven, Belgium; electronic mail: Laura.Rinaldi@econ.

kuleuven.be 3 Bank of Spain, Alcalá 50, E-28014 Madrid, Spain; electronic mail: asanchis@bde.es © European Central Bank, 2006 anticipate Kaiserstrasse 29 60311 Frankfurt am Main, Germany postal address Postfach 16 03 19 60066 Frankfurt am Main, Germany scream +49 69 1344 0 Internet http://www.ecb.int fax +49 69 1344 6000 teletypewriter 411 144 ecb d altogether rights reserved. Any reproduction, publication and reissue in the form of a different publication, whether printed or produced electronically, in whole or in part, is permitted only with the explicit compose authorisation of the ECB or the author(s). The views express in this paper do not necessarily appear those of the European Central Bank. The tilt of...If you want to get a full essay, order it on our website: Ordercustompaper.com

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