On Zombie Banks and Recessions After Systemic Banking Crises
Download or Read eBook On Zombie Banks and Recessions After Systemic Banking Crises PDF written by Timotej Homar and published by . This book was released on 2015 with total page 60 pages. Available in PDF, EPUB and Kindle.
Author | : Timotej Homar |
Publisher | : |
Total Pages | : 60 |
Release | : 2015 |
ISBN-10 | : OCLC:932116908 |
ISBN-13 | : |
Rating | : 4/5 (08 Downloads) |
Book Synopsis On Zombie Banks and Recessions After Systemic Banking Crises by : Timotej Homar
Book excerpt: 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.