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This paper surveys the theory on zombie lending incentives and the consequences of zombie lending for the real economy. It also offers a historical perspective by reviewing the growing empirical evidence on zombie lending along three dimensions: (i) the role of under-capitalized banks, (ii)...
Persistent link: https://www.econbiz.de/10013190998
This paper pinpoints sources of recent problems in U.S. commercial banking. The objective is to provide a context for … banking less stable in the 1980s. The second part identifies the specific sources of the industry's difficulties over this … recent policy reforms and on-going policy options. in the light of our evidence on the main sources of problems in banking …
Persistent link: https://www.econbiz.de/10012474547