Macroeconomic and Bank-Specific Determinants of the U.S. Non-Performing Loans: Before and During the Recent Crisis

Abstract

Both macroeconomic and bank-specific factors are correlated to the occurrence of Non-Performing Loans (NPL). We use a sample of U.S. banks over two distinct time periods to provide empirical evidence of various key macroeconomic and bankspecific determinants’ effects on NPLs