Barrett

Barrett, The Honors College at Arizona State University proudly showcases the work of undergraduate honors students by sharing this collection exclusively with the ASU community.

Barrett accepts high performing, academically engaged undergraduate students and works with them in collaboration with all of the other academic units at Arizona State University. All Barrett students complete a thesis or creative project which is an opportunity to explore an intellectual interest and produce an original piece of scholarly research. The thesis or creative project is supervised and defended in front of a faculty committee. Students are able to engage with professors who are nationally recognized in their fields and committed to working with honors students. Completing a Barrett thesis or creative project is an opportunity for undergraduate honors students to contribute to the ASU academic community in a meaningful way.

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Non-performing loans: Systemic effects on the banking Industry

Description
This paper explores the universe of non-performing loans and tries to examine the effects that a sharp increase in NPLs would cause. The first part of the paper explores some of the most shared definitions of NPL as well as the accounting treatment under IFRS (International Financial Reporting Standards). In…

This paper explores the universe of non-performing loans and tries to examine the effects that a sharp increase in NPLs would cause. The first part of the paper explores some of the most shared definitions of NPL as well as the accounting treatment under IFRS (International Financial Reporting Standards). In the second part of the paper, literature regarding determinants of NPLs is summarized and categorized into three broad categories: macroeconomic determinants, institutional variables, and bank-specific variables. Eventually, in the last part of the paper, a fictional bank is built and tested against a two and three standard deviation NPL events. The worst loss occurring in the simulated events eroded 26% of the capital (2.55% of the assets) forcing the fictional bank to recapitalize and experience expensive recovery processes.
ContributorsFranceschi, Stefano (Author) / Simonson, Mark (Thesis director) / Budolfson, Arthur (Committee member) / Economics Program in CLAS (Contributor) / Department of Finance (Contributor) / School of Mathematical and Statistical Sciences (Contributor) / Barrett, The Honors College (Contributor)
Created2018-12