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Zombie Lending : Theoretical, International and Historical Perspectives

Acharya, Viral V.; Crosignani, Matteo; Eisert, Tim; … - National Bureau of Economic Research - 2022

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

Interpreting the Unconventional U.S. Monetary Policy of 2007-09

Reis, Ricardo - 2010

compares the Federal Reserve's actions with the literature on optimal policy in a liquidity trap. The theory suggests that, to … securities markets can restore liquidity with fewer government funds than extending credit to the originators of loans …

Persistent link: https://www.econbiz.de/10012462989

Price Discovery in the U.S. Treasury Market : The Impact of Orderflow and Liquidity on the Yield Curve

Brandt, Michael W. - 2003

, liquidity, and the yield curve. We find that orderflow imbalances (excess buying or selling pressure) can account for as much as … orderflow on yields is permanent and strongest when liquidity is low. All of the evidence points toward an important role of …

Persistent link: https://www.econbiz.de/10012469173