Gateway to Think Tanks
来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP10963 |
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 |
URL | https://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. |
条目包含的文件 | 条目无相关文件。 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[Sweder van Wijnbergen]的文章 |
百度学术 |
百度学术中相似的文章 |
[Sweder van Wijnbergen]的文章 |
必应学术 |
必应学术中相似的文章 |
[Sweder van Wijnbergen]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。