Unearthing Zombies
References
- (2020) Quest for Restoring Financial Stability in India (Sage Publications Pvt. Limited, New Delhi, India).Crossref, Google Scholar
- (2016) State intervention in banking: The relative health of Indian public sector and private sector banks. Ghate C, Kletzer KM, eds. Monetary Policy in India: A Modern Macroeconomic Perspective (Springer, New Delhi, India), 195–230.Crossref, Google Scholar
- (2021) Zombie lending and policy traps. NYU Stern Working Paper, NYU Stern School of Business, New York.Google Scholar
- (2022) Zombie lending: Theoretical, international, and historical perspectives. Annual Rev. Financial Econom. 14:21–38.Crossref, Google Scholar
- (2019) Whatever it takes: The real effects of unconventional monetary policy. Rev. Financial Stud. 32(9):3366–3411.Crossref, Google Scholar
- (2010) Credit supply, flight to quality and evergreening: An analysis of bank-firm relationships after Lehman. Bank of Italy Temi di Discussione Working Paper No. 756, Bank of Italy Temi di Discussione, Rome.Google Scholar
- (2019) Breaking the shackles: Zombie firms, weak banks and depressed restructuring in Europe. ECB Working Paper No. 2240, European Central Bank, Frankfurt, Germany.Google Scholar
- (2018) The rise of zombie firms: Causes and consequences. BIS Quart. Rev. (September):67–78.Google Scholar
- (2004) Banking reform in India. India Policy Forum 1(1):277–332.Google Scholar
- (2022) Weak corporate insolvency rules: The missing driver of zombie lending. AEA Papers Proc. 112:516–520.Crossref, Google Scholar
- (2002) Ferreting out tunneling: An application to Indian business groups. Quart. J. Econom. 117(1):121–148.Crossref, Google Scholar
- Bian B (2020) Globally consistent creditor protection, reallocation, and productivity. LawFin Working Paper Series No. 6, Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin).Google Scholar
- (2023) When losses turn into loans: The cost of weak banks. Amer. Econom. Rev. 113(6):1600–1641.Crossref, Google Scholar
- (2023) On-site inspecting zombie lending. Management Sci. 69(5):2547–2567.Link, Google Scholar
- (2013) Preventing zombie lending. Rev. Financial Stud. 27(3):923–956.Crossref, Google Scholar
- (2008) Zombie lending and depressed restructuring in Japan. Amer. Econom. Rev. 98(5):1943–1977.Crossref, Google Scholar
- (2020) The unholy trinity: Regulatory forbearance, stressed banks and zombie firms. CAFRAL Working Paper, Centre for Advanced Financial Research and Learning, Mumbai, India.Google Scholar
- (2020) Bank cleanups, capitalization, and lending: Evidence from India. Rev. Financial Stud. 34(9):4132–4176.Crossref, Google Scholar
- (2005) Bankruptcy around the world: Explanations of its relative use. Amer. Law Econom. Rev. 7(1):253–283.Crossref, Google Scholar
- (2009) Fixing market failures or fixing elections? Agricultural credit in India. Amer. Econom. J. Appl. Econom. 1(1):219–250.Crossref, Google Scholar
- (2008) Debt enforcement around the world. J. Political Econom. 116(6):1105–1149.Crossref, Google Scholar
- Financial Express (2019) RBI Feb 12 circular: IBA wants one-day default rule scrapped—Here’s why. Financial Express (April 13), https://www.financialexpress.com/business/banking-finance-rbi-feb-12-circular-why-iba-wants-one-day-default-rule-scrapped-1546834/.Google Scholar
- (2019) Why do banks hide losses? Working paper, Ross School of Business, University of Michigan, Ann Arbor.Google Scholar
- (2011) Why did ‘zombie’ firms recover in Japan? World Econom. 34(7):1124–1137.Crossref, Google Scholar
- (2013) On the real effects of bank bailouts: Micro evidence from Japan. Amer. Econom. J. Macroeconom. 5(1):135–167.Crossref, Google Scholar
- (2017) Capital allocation and productivity in South Europe. Quart. J. Econom. 132(4):1915–1967.Crossref, Google Scholar
- (2022) The cleansing effect of banking crises. Econom. Inquiry 60(3):1186–1213.Crossref, Google Scholar
- (2021) A theory of zombie lending. J. Finance 76(4):1813–1867.Crossref, Google Scholar
- Indian Express (2021) Insolvency and bankruptcy code: India still lagging on some key indicators of dispute resolution. Indian Express (January 30), https://indianexpress.com/article/business/economy/insolvency-and-bankruptcy-code-india-still-lagging-on-some-key-indicators-of-dispute-resolution-7167152/.Google Scholar
- International Monetary Fund (2021) Policy responses to COVID-19. Accessed December 2, 2024, https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19.Google Scholar
- (2022) Zombies at large? Corporate debt overhang and the macroeconomy. Rev. Financial Stud. 35(10):4561–4586.Crossref, Google Scholar
- (2008) Tracing the impact of bank liquidity shocks: Evidence from an emerging market. Amer. Econom. Rev. 98(4):1413–1442.Crossref, Google Scholar
- (1997) Legal determinants of external finance. J. Finance 52(3):1131–1150.Crossref, Google Scholar
- (1998) Law and finance. J. Political Econom. 106(6):1113–1155.Crossref, Google Scholar
- (2020) Systemic banking crises database. IMF Econom. Rev. 61:225–270.Crossref, Google Scholar
- (2021) Going bankrupt in China. Rev. Finance 26(3):449–486.Crossref, Google Scholar
- (2012) The distributive impact of reforms in credit enforcement: Evidence From Indian debt recovery tribunals. Econometrica 80(2):497–558.Crossref, Google Scholar
- (2017) Insolvency regimes, zombie firms and capital reallocation. OECD Working Paper No. 1399, OECD Publishing, Paris.Google Scholar
- (2020) The real effects of bank supervision: Evidence from on-site bank inspections. Bank of Italy Temi di Discussione Working Paper No. 1349, Bank of Italy Temi di Discussione, Rome.Google Scholar
- (2020) Overdraft: Saving the Indian Saver (Harper Collins Publishers, Noida, India).Google Scholar
- (2005) Unnatural selection: Perverse incentives and the misallocation of credit in Japan. Amer. Econom. Rev. 95(4):1144–1166.Crossref, Google Scholar
- (2018) Court enforcement, bank loans, and firm investment: Evidence from a bankruptcy reform in Brazil. Quart. J. Econom. 131(3):1365–1413.Crossref, Google Scholar
- (2018) Zombie firms and political influence on bank lending in China. CDEP‐CGEG Working Paper No. 66, Columbia University, New York.Google Scholar
- (1994) Why bank credit policies fluctuate: A theory and some evidence. Quart. J. Econom. 109(2):399–441.Crossref, Google Scholar
- (2009) The aftermath of financial crises. Amer. Econom. Rev. 99(2):466–472.Crossref, Google Scholar
- Reserve Bank of India (2019) India’s corporate bond market: Issues in market microstructure. RBI Bull. (January), 19–30.Google Scholar
- Reserve Bank of India (2020) Reserve Bank of India annual report. Reserve Bank of India, https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020.Google Scholar
- Reserve Bank of India, Database of Indian Economy (2021) Indian banks balance sheet summary. Accessed December 2, 2024, https://data.rbi.org.in/DBIE/#/dbie/home.Google Scholar
- (2007) When do creditor rights work? J. Comparative Econom. 35(3):484–508.Crossref, Google Scholar
- (2018) Credit misallocation during the European financial crisis. Bank of Italy Temi di Discussione Working paper, Bank of Italy Temi di Discussione, Rome.Google Scholar
- (2016) Evolution of the insolvency framework for non financial firms in India. IGIDR Working Paper No. WP-2016-018, Indira Ghandi Institute of Development Research, Mumbai, India.Google Scholar
- (2019) How RBI’s Feb 12 circular changed the way banks dealt with stressed assets. Econom. Times (February 10), https://economictimes.indiatimes.com/industry/banking/finance/banking/how-rbis-feb-12-circular-changed-the-way-banks-dealt-with-stressed-assets/articleshow/67920150.cms?from=mdr.Google Scholar
- (2017) Zombie firms and over-capacity in Chinese manufacturing. China Econom. Rev. 44:327–342.Crossref, Google Scholar
- (2021) How to save the IBC from the NCLT. Financial Express (June 22), https://www.financialexpress.com/opinion/how-to-save-the-ibc-from-the-nclt/2275775/.Google Scholar
- (2017) Do we want these two to tango? On zombie firms and stressed banks in Europe. ECB Working Paper No. 2104, European Central Bank, Frankfurt, Germany.Google Scholar
- (2016) Zombie firms and the crowding-out of private investment in China. Asian Econom. Papers 15(3):32–55.Crossref, Google Scholar
- (2014) Causes of the financial crisis and the slow recovery: A ten-year perspective. Baily N, Taylor JB, eds. Across the Great Divide: New Perspectives on the Financial Crisis (Hoover Institution, Stanford University, Stanford, CA).Google Scholar
- (2013) Access to collateral and corporate debt structure: Evidence from a natural experiment. J. Finance 68(3):881–928.Crossref, Google Scholar
- (2009) Legal reform and loan repayment: The microeconomic impact of debt recovery tribunals in India. Amer. Econom. J. Appl. Econom. 1(3):59–81.Crossref, Google Scholar

