The Unholy Trinity: Regulatory Forbearance, Stressed Banks and Zombie Firms
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During the global financial crisis, the Reserve Bank of India enacted forbearance measures that lowered capital provisioning rates for loans under temporary liquidity stress. Matched bank-firm data reveal that troubled banks took advantage of the policy to also shield firms facing serious solvency
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美国国家经济研究局创建时间：
2021-02-01
