G2TT
来源类型Discussion paper
规范类型论文
来源IDDP10963
DP10963 On Zombie Banks and Recessions after Systemic Banking Crises
Sweder van Wijnbergen
发表日期2015-11-29
出版年2015
语种英语
摘要What costs do zombie banks impose on society? We analyze the effects of government and central bank interventions in 68 systemic banking crises since 1980, of which 28 are part of the recent global financial crisis. Our estimation approach controls for the correlation between intervention measures and the time-invariant component of unobservable crisis severity. We find that timely bank recapitalizations substantially reduce the duration of recessions, underscoring the distortions caused by zombie banks and the costs of regulatory forbearance.
主题Monetary Economics and Fluctuations
关键词Bank recapitalization Economic recovery Financial crises Intervention Regulatory forbearance Zombie banks
URLhttps://cepr.org/publications/dp10963
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/539792
推荐引用方式
GB/T 7714
Sweder van Wijnbergen. DP10963 On Zombie Banks and Recessions after Systemic Banking Crises. 2015.
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