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Zombie Lending: Theoretical, International and Historical Perspectives

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NBER2022-04-01 更新2025-01-04 收录
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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) effects

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2022-04-01
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