4  BIS Review 42/2010  This guidance is designed to address workouts and restructurings of problem credit, but the clarification of loan classification standards should also give bankers some confidence in evaluating new loans for both credit risk and risk of classification.
The effects of the recent introduction of the APP on euro area economic activity and inflation can also be analysed through the lens of some structural DSGE models, like a variant of the model developed by Gertler and Karadi (2013).