Dr Theodore Kounadeas (Visiting Fellow, May 2021 - February 2022) will focus on the effect of Covid-19 on the NPLs of systemic Greek banks. The coronavirus (COVID-19) pandemic has had detrimental socioeconomic effects, bringing the economy to an abrupt halt. Lockdowns and increased uncertainty about the future have significant implications on business activity and on household financial status (i.e., fewer working hours and increased unemployment). The problem of NPLs is the one the banking sector is called upon to solve, so that it can officially and definitively exit the crisis and return to a sense of regularity. Especially for the Greek banking sector that has suffered a more serious blow than any other in the last decade, the issue of NPLs is of substantial importance. The increased interest in this problem is also evident due to the large number of studies that have been carried out on this topic in the last years. According to these, the conclusion regarding factors that affect the evolution of NPLs is neither singular nor clear and, most of all, differs from country to country. With this research, it will be examined whether the evolution of NPLs in Greece during the pandemic is affected by macroeconomic factors or it depends on certain aspects of its banking sector or even a combination of the two. Consequently, it could become a tool for the formulation of new strategies regarding the management of NPLs. It should be mentioned that this is the first study that examines this topic in Greece.
Subjects in crisis: Paradoxes of emancipation and alter-neoliberal critique, Dimitris Soudias, The Sociological Review, SAGE Journals, 24 May 2021
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