Zombie Banks
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Zombie Banks
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Author : Yalman Onaran
language : en
Publisher: John Wiley & Sons
Release Date : 2011-10-26
Zombie Banks written by Yalman Onaran and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10-26 with Business & Economics categories.
An in-depth look at the problems surrounding zombie banks and their dangerous effect on the global economy “The title is worthy of a B movie, but it's also apt. Bloomberg News reporter Yalman Onaran, supported by former U.S. Federal Deposit Insurance Corp. chief Sheila Bair - who provides a foreword and numerous interviews - urge that insolvent banks both small and too big to fail be allowed to do precisely that. Reading bank balance sheets is not everyone's idea of a good time. But Mr. Onaran, with support from Ms. Bair, does the chore and explains what it means. Mr. Onaran shows that the process of rescuing dead and dying banks is increasing systemic risk in the global banking system. And that is really more frightening than scream flicks from Tinseltown.” -- Financial Post “Yalman Onaran knows of putrid financial institutions, having written about them in his native Turkey so successfully he brought down a few in Istanbul in the late '90's.” -- Huffington Post “Do We Love Zombie Banks? The new book by Yalman Onaran of Bloomberg News, Zombie Banks: How Broken Banks and Debtor Nations Are Crippling the Global Economy, is a well-organized and clearly written discussion of the use of leverage to provide growth in many different economies. Onaran has carefully researched the zombie phenomenon and makes some important points in this concise volume about both public policy and the concerns of investors. One of the more interesting early threads in the book is the juxtaposition of the experience of the US in the S&L crisis and Japan in the 1980s and 1990s with the US today. Zombie Banks is a good review of the latest thinking about the ebb and flow of the political economy.” -- R. Christopher Whalen, author of Inflated Zombie banking has become standard operating procedure for big debtor nations. They prop up failing institutions, print money, and avoid financial corrections. But in an attempt to prolong the inevitable, bigger problems are created. The approach used now has not, and will not, work. This timely book reveals why. Zombie Banks tells the story of how debtor nations and failing institutions are damaging the long-term prospects of the global economy. Author Yalman Onaran, a veteran Bloomberg News reporter and financial banking sector expert, examines exactly what a zombie bank is and why they are kept alive. He also discusses how they hurt economic recovery and what needs to be done in order to restore stability. Along the way, Onaran takes an honest look at how we arrived at this point and details the harsh realities that must be faced, and the serious steps that must be taken, in order to get things headed in the right direction. Puts insolvent banks and debtor nations in the spotlight and examines how they are crippling the global economy On the record sources include Paul Volcker, Joseph Stiglitz, Sheila Bair, and many more bank executives, regulators, politicians, and policymakers in the United States and abroad Takes the complexity of the current situation and translates it in a way that makes it understandable While the short-term measures taken to stave off depression and rejuvenate economic growth may offer hope, they are unsustainable over the long term. Get a better look at what really lies ahead, and what it will take to improve our economic situation, with this book.
The Trillion Dollar Conspiracy
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Author : Jim Marrs
language : en
Publisher: Harper Collins
Release Date : 2010-06-17
The Trillion Dollar Conspiracy written by Jim Marrs and has been published by Harper Collins this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06-17 with Business & Economics categories.
“Jim Marrs can’t be ignored. Few in this country shout about The Truth louder than he.” —Dallas Observer In The Trillion-Dollar Conspiracy, Jim Marrs, the New York Times bestselling author of Rule by Secrecy and The Rise of The Fourth Reich, offers a terrifying proposition: that the current economic collapse has been engineered by a tyrannous government and multinational corporations determined to enslave us. Read The Trillion-Dollar Conspiracy and find out how the New World Order, man-made diseases, and zombie banks are destroying America.
Determinants Of Zombie Banks In Emerging Markets And Developing Economies
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Author : Torsten Wezel
language : en
Publisher: International Monetary Fund
Release Date : 2024-02-23
Determinants Of Zombie Banks In Emerging Markets And Developing Economies written by Torsten Wezel and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-02-23 with Business & Economics categories.
While deeply undercapitalized banks have been shown to misallocate credit to weak firms, the drivers of such zombie banks are less researched, particularly across countries. To furnish empirical evidence, we compile a dataset of undercapitalized banks from emerging markets and developing economies. We classify zombie banks as those not receiving remedial treatment by owners or regulators or, alternatively, remaining chronically undercapitalized. Using logit regressions, we find that country-specific factors are more influential for zombie status than bank characteristics, alhough some become significant when disaggreating by region. The paper’s overall findings imply the need for a proper regulatory framework and an effective resolution regime to deal with zombie banks more decisively.
Zombies On The Brink Evidence From Japan On The Reversal Of Monetary Policy Effectiveness
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Author : Mr.Gee Hee Hong
language : en
Publisher: International Monetary Fund
Release Date : 2021-02-19
Zombies On The Brink Evidence From Japan On The Reversal Of Monetary Policy Effectiveness written by Mr.Gee Hee Hong and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-19 with Business & Economics categories.
How does unconventional monetary policy affect corporate capital structure and investment decisions? We study the transmission channel of quantitative easing and its potential diminishing returns on investment from a corporate finance perspective. Using a rich bank-firm matched data of Japanese firms with information on corporate debt and investment, we study how firms adjust their capital structure in response to the changes in term premia. Investment responds positively to a reduction in the term premium on average. However, there is a significant degree of cross-sectional variation in firm response: healthier firms increase capital spending and cash holdings, while financially vulnerable firms take advantage of lower long-term yields to refinance without increasing investment.
The Wsj Guide To The 50 Economic Indicators That Really Matter
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Author : Simon Constable
language : en
Publisher: Harper Collins
Release Date : 2011-05-03
The Wsj Guide To The 50 Economic Indicators That Really Matter written by Simon Constable and has been published by Harper Collins this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-05-03 with Business & Economics categories.
A wonderfully irreverent and endlessly entertaining guide—with more than 80,000 copies sold worldwide in multiple languages—about the indicators most investors aren't following, but should be! In order to make the best possible investment decisions, savvy investors know that they must pay close attention to economic indicators. But while most are looking at conventional barometers like unemployment rates and housing statistics, the smartest investors are following the curious and often ignored indicators that offer a true sense of where the economy is and where it's heading. These factors have been proven to provide the vital information needed to beat the market. Dow Jones columnist Simon Constable and respected financial historian Robert E. Wright offer valuable tips and insight to help investors forecast and exploit sea changes in the global macroeconomic climate. Unlike other investment handbooks, Constable and Wright’s guide explores the little-known economic indicators that the smartest investors watch closely in order to beat the stock market—from “Big Macs” to “zombie banks.” This valuable and informative read entertains and enlightens while offering essential advice on navigating the global economic climate.
Help For Europe S Zombie Banks
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Author : Stephan Madaus
language : en
Publisher:
Release Date : 2014
Help For Europe S Zombie Banks written by Stephan Madaus and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Zombie Capitalism
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Author : Chris Harman
language : en
Publisher: Haymarket Books
Release Date : 2010
Zombie Capitalism written by Chris Harman and has been published by Haymarket Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
We've been told for years that the capitalist free market is a self-correcting perpetual growth machine in which sellers always find buyers, precluding any major crisis in the system. Then the credit crunch of August 2007 turned into the great crash of September–October 2008, leading one apologist for the system, Willem Buiter, to write of "the end of capitalism as we knew it." As the crisis unfolded, the world witnessed the way in which the runaway speculation of the "shadow" banking system wreaked havoc on world markets, leaving real human devastation in its wake. Faced with the financial crisis, some economic commentators began to talk of "zombie banks"–financial institutions that were in an "undead state" and incapable of fulfilling any positive function but a threat to everything else. What they do not realize is that twenty-first century capitalism as a whole is a zombie system, seemingly dead when it comes to achieving human goals.
The Zombie Lending Channel Of Monetary Policy
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Author : Bruno Albuquerque
language : en
Publisher: International Monetary Fund
Release Date : 2023-09-15
The Zombie Lending Channel Of Monetary Policy written by Bruno Albuquerque and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-09-15 with Business & Economics categories.
We uncover a new channel—the zombie lending channel—in the transmission of monetary policy to nonfinancial corporates. This channel originates from the presence of unviable and unproductive (zombie) firms. We identify exogenous variation in monetary conditions around the world by exploiting the international transmission of US monetary policy shocks. We find that tighter monetary policy leads to more favorable credit conditions for zombie firms relative to other firms. Zombies are then able to cut investment and employment by relatively less. This is indicative of evergreening motives by lenders when interest rates rise: lenders face incentives to restructure existing loans of zombie firms to avoid the realization of losses on their balance sheets. Policies that strengthen banks’ balance sheets, that limit banks’ incentives to engage in risky behavior, and laws that allow an efficient resolution of weak firms, may help mitigate zombie lending practices when financial conditions tighten.
The Wall Street Journal Guide To The 50 Economic Indicators That Really Matter
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Author : Simon Constable
language : en
Publisher:
Release Date : 2011
The Wall Street Journal Guide To The 50 Economic Indicators That Really Matter written by Simon Constable and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business forecasting categories.
The Rise Of The Walking Dead Zombie Firms Around The World
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Author : Bruno Albuquerque
language : en
Publisher: International Monetary Fund
Release Date : 2023-06-16
The Rise Of The Walking Dead Zombie Firms Around The World written by Bruno Albuquerque and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-16 with Business & Economics categories.
We build a new dataset of listed and private nonfinancial zombie firms for a large set of Advanced Economies and Emerging Markets over the last two decades. We find that the share of these unproductive and unviable firms has been rising worldwide, especially since the GFC and the Covid-19 pandemic. We show that, perhaps surprisingly, the incidence of zombification is lower among private firms. Lower average survival rates of private firms may explain this phenomenon. We find important negative macrofinancial spillovers from zombie firms: nonzombies’ financial performance is persistently reduced in industries populated with a greater number of zombies. To mitigate these effects, we document that countries with stronger banks, and tighter macroprudential policies tend to have fewer zombies and stronger nonzombies. Strengthening the banking sector may, however, not be sufficient if insolvency frameworks are not well-prepared to deal with the restructuring or insolvency of firms.