References
- Adeyemi, B. (2011) Bank failure in Nigeria: a consequence of capital inadequacy, lack of transparency and non-performing loans? Banks and Bank Systems, 6(1), 99-109.
- Ahmad, N. H., Ahmad, S. N. (2004) Key factors influencing credit risk of Islamic bank: A Malaysian case. The Journal of Muamalat and Islamic Finance Research, 1(1), 65-80.
- Anastasiou, D., Louri, H., Tsionas, E. G. (2016) Non-performing loans in the euro area: are core-periphery banking markets fragmented? Working Paper of Bank of Greece Eurosystem
- Anderson, S., Long, C., Jansen, C., Affeldt, F., Rust, J., Seas, B. (2011) Dynamically Stress Testing Financial Systems. Paper presented at the Proceedings of the 29th International Conference of the System Dynamics Society.
- Balgova, M., Nies, M., Plekhanov, A. (2016) The economic impact of reducing non-performing loans. European Bank for Reconstruction and Development Working Paper, 193.
- Barseghyan, L. (2010) Non-performing loans, prospective bailouts, and Japan’s slowdown. Journal of Monetary economics, 57(7), 873-890.
- Bebeji, A. (2013) Consolidation and Asset Quality of Banks in Nigeria. International Journal of Business and Management Invention, 2(2), 12-20.
- Berkelmans, L. (2005) Credit and monetary policy: An Australian SVAR.
- Bernanke, B., Gertler, M. (1989). Agency costs, net worth, and business fluctuations. The American Economic Review, 14-31.
- Bernanke, B. S. (1986) Alternative explanations of the money-income correlation. Paper presented at the Carnegie-Rochester conference series on public policy.
- Bernanke, B. S., Blinder, A. S. (1988) Credit, money, and aggregate demand. American Economic Review 78, 435-439.
- Bernanke, B., Gertler, M., Gilchrist, S. (1996) The financial accelerator and the flight to quality. Review of Economics and Statistics, 78(1), 1–15.
- Blanchard, O. J., Watson, M. W. (1986) Are business cycles all alike? The American business cycle: Continuity and change. University of Chicago Press. (pp. 123-180)
- Boudriga, A., Taktak, N. B., Jellouli, S. (2010) Bank specific, business and institutional environment determinants of banks nonperforming loans: evidence from mena countries. Paper presented at the Economic Research Forum, Working Paper, 547, 1-28.
- Caprio, G., Klingebiel, D. (2002) Episodes of systemic and borderline banking crises. Managing the real and fiscal effects of banking crises, World Bank Discussion Paper, 428, 31-49.
- Cecchetti, S. G., Kharroubi, E. (2015) Why does financial sector growth crowd out real economic growth? Bank of International Settlement. BIS WIP 490
- Chow, G. C., Lin, A.-l. (1971) Best linear unbiased interpolation, distribution, and extrapolation of time series by related series. The review of Economics and Statistics, 372-375.
- Cochran, J. P., Call, S. T. (2000) Free banking and credit creation: Implications for business cycle theory. Quarterly Journal of Austrian Economics, 3(3), 35-50.
- Drees, M. B., Pazarbasioglu, C. (1998) The Nordic banking crisis: pitfalls in financial liberalization International monetary fund Occasional Paper (No. 161)
- Enders, W., Hurn, S. (2007) Identifying aggregate demand and supply shocks in a small open economy. Oxford Economic Papers, 59(3), 411-429.
- Erjavec, N., Cota, B., Jakšić, S. (2012) Sources of exchange rate fluctuations: Empirical evidence from Croatia. Privredna kretanja i ekonomska politika, 22(132), 27-47.
- Espinoza, R. A., Prasad, A. (2010) Nonperforming loans in the GCC banking system and their macroeconomic effects. IMF Working Papers, 1-24.
- Fofack, H. (2005) Nonperforming loans in Sub-Saharan Africa: causal analysis and macroeconomic implications. World Bank Policy Research Working Paper(3769).
- Friedman, J. (1994) Cultural identity and global process (Vol. 31): Sage, London.
- Giannini, C. (1991) Topics in structural VAR econometrics: Berlin: Springer.
- Guerrieri, V., Lorenzoni, G. (2017) Credit crises, precautionary savings, and the liquidity trap. The Quarterly Journal of Economics, 132(3), 1427-1467
- Gujarati, D. N. (2009) Basic econometrics: Tata McGraw-Hill Education.
- Hicks, J. R. (1937) Mr. Keynes and the” classics”; a suggested interpretation. Econometrica: journal of the Econometric Society, 147-159.
- IMF. (2004) Global Financial Stability Report, April 2004: Market Developments and Issues: International Monetary Fund.
- Jakubik, P., Moinescu, B. (2015) Assessing optimal credit growth for an emerging banking system. Economic Systems, 39(4), 577-591.
- Jiménez, G., Ongena, S., Peydró, J. L., Saurina, J. (2017) Macroprudential policy, countercyclical bank capital buffers, and credit supply: evidence from the Spanish dynamic provisioning experiments. Journal of Political Economy, 125(6), 2126-2177
- Kaminsky, G. L., Reinhart, C. M. (1999) The twin crises: the causes of banking and balance-of-payments problems. American economic review, 89(3), 473-500.
- Kim, S., Roubini, N. (2000) Exchange rate anomalies in the industrial countries: A solution with a structural VAR approach. Journal of Monetary economics, 45(3), 561-586.
- King, R. G., Plosser, C. I. (1984) Money, credit, and prices in a real business cycle. The American Economic Review, 74(3), 363-380
- Kiyotaki, N., Moore, J. (1997) Credit cycles. Journal of political economy, 105(2), 211-248
- Klein, N. (2013) Non-performing loans in CESEE: Determinants and impact on macroeconomic performance. N0. 13-72. International Monetary Fund.
- Kolapo, T. F., Ayeni, R. K., Oke, M. O. (2012) Credit risk and commercial banks’ performance in Nigeria: A panel model approach. Australian Journal of Business and Management Research, 2(2), 31.
- Konstantakis, K. N., Michaelides, P. G., Vouldis, A. T. (2016) Non performing loans (NPLs) in a crisis economy: Long-run equilibrium analysis with a real time VEC model for Greece (2001–2015). Physica A: Statistical Mechanics and Its Applications, 451, 149-161
- Kuznets, S. (1940) Schumpeter’s business cycles. The American Economic Review, 30(2), 257-271
- Louhichi, A., Boujelbene, Y. (2016) Credit risk, managerial behaviour and macroeconomic equilibrium within dual banking systems: interest-free vs. interest-based banking industries. Research in International Business and Finance, 38, 104-121
- Lucas Jr, R. E. (1972) Expectations and the Neutrality of Money. Journal of economic theory, 4(2), 103-124.
- Lucas Jr, R. E. (1975) An equilibrium model of the business cycle. Journal of political economy, 83(6), 1113-1144.
- Maigua, C., Mouni, G. (2016) Influence of interest rates determinants on the performance of commercial banks in Kenya. International Journal of Academic Research in Accounting, Finance and Management Sciences, 6(2), 121-133
- Marcucci, J., Quagliariello, M. (2009) Asymmetric effects of the business cycle on bank credit risk. Journal of Banking & Finance, 33(9), 1624-1635.
- McLeay, M., Radia, A., Thomas, R. (2014). Money creation in the modern economy.
- Mills, F. C. (1927) Introduction to “The Behavior of Prices”. In The Behavior of Prices (pp. 31-36). NBER
- Mises, L. V. (1971) Theory of Money and Credit. Foundation for Econornic Education: New York.
- Mishkin, F. S. (2011) Monetary policy strategy: lessons from the crisis (No. w16755). National Bureau of Economic Research.
- Moinescu, B.-G. (2012) Determinants of nonperforming loans in Central and Eastern European Countries: Macroeconomic indicators and credit discipline. Review of Economic and Business Studies(10), 47-58.
- Ngalawa, H., Viegi, N. (2011) Dynamic effects of monetary policy shocks in Malawi. South African Journal of Economics, 79(3), 224-250.
- Nkusu, M. (2011) Nonperforming loans and macrofinancial vulnerabilities in advanced economies. IMF Working Papers, 1-27.
- Purnanandam, A. (2011) Originate-to-distribute model and the subprime mortgage crisis. Review of Financial Studies, 24(6), 1881-1915.
- Rajan, R., Dhal, S. C. (2003) Non-performing loans and terms of credit of public sector banks in India: An empirical assessment. Occasional Papers, 24(3), 81-121
- Schnabl, P. (2012) The international transmission of bank liquidity shocks: Evidence from an emerging market. The Journal of Finance, 67(3), 897-932
- Schumpeter (1969) The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle. London and Oxford: Oxford University Press, 1969. Translated by Redvers Opie.
- Sims, C. A. (1980) Macroeconomics and reality. Econometrica: journal of the Econometric Society, 1-48.
- Sims, C. A. (1986) Are forecasting models usable for policy analysis? Federal Reserve Bank of Minneapolis Quarterly Review,10(1), 2-16.
- Somoye, R. (2010) The variation of risks on non-performing loans on bank performances in Nigeria. Indian Journal of Economics & Business, 9(1).
- Stiglitz, J. E. (1989) Markets, market failures, and development. The American Economic Review, 79(2), 197-203.
- Tang, Q., Nasiopoulos, P., Ward, R. K. (2008) Compensation of requantization and interpolation errors in MPEG-2 to H. 264 transcoding. IEEE Transactions on Circuits and Systems for Video Technology, 18(3), 314-325.
- Vodová, P. (2003) Credit Risk as a Cause of Banking Crises. Paper presented at the The Paper Prepared for the 5th International Conference Aidea Giovani, Milan. July. (pp. 3-4).
- Williamson, S. D. (1987) Costly monitoring, loan contracts, and equilibrium credit rationing. The Quarterly Journal of Economics, 102(1), 135-145.
- Yang, L. (2003) The Asian financial crisis and non-performing loans: evidence from commercial banks in Taiwan. International Journal of Management, 20(1), 69-74.
- Zeng, S. (2012) Bank non-performing loans (NPLS): A dynamic model and analysis in China. Modern Economy, 3, 100-110.
- Zhang, D., Cai, J., Dickinson, D. G., Kutan, A. M. (2016) Non-performing loans, moral hazard and regulation of the Chinese commercial banking system. Journal of Banking & finance, 63, 48-60.