Almost four years have passed since the Italian government introduced a State guarantee scheeme for the securitization of banks' bad loans (the so-called "GACS"). This paper first analyzes the reasons that justified the introduction of this new tool and the impact that it has produced on the secondary market for nonperforming loans and on the State's coffers.
La garanzia dello Stato sulle cartolarizzazioni delle sofferenze bancarie: tra ragioni e prime conseguenze
mariateresa maggiolino
2019
Abstract
Almost four years have passed since the Italian government introduced a State guarantee scheeme for the securitization of banks' bad loans (the so-called "GACS"). This paper first analyzes the reasons that justified the introduction of this new tool and the impact that it has produced on the secondary market for nonperforming loans and on the State's coffers.File in questo prodotto:
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