| 000 | 02318cam a22003617 4500 | ||
|---|---|---|---|
| 001 | w28435 | ||
| 003 | NBER | ||
| 005 | 20211020103319.0 | ||
| 006 | m o d | ||
| 007 | cr cnu|||||||| | ||
| 008 | 210910s2021 mau fo 000 0 eng d | ||
| 100 | 1 |
_aChari, Anusha. _97823 |
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| 245 | 1 | 4 |
_aThe Unholy Trinity: _bRegulatory Forbearance, Stressed Banks and Zombie Firms / _cAnusha Chari, Lakshita Jain, Nirupama Kulkarni. |
| 260 |
_aCambridge, Mass. _bNational Bureau of Economic Research _c2021. |
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| 300 |
_a1 online resource: _billustrations (black and white); |
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| 490 | 1 |
_aNBER working paper series _vno. w28435 |
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| 500 | _aFebruary 2021. | ||
| 520 | 3 | _aDuring the global financial crisis, the Reserve Bank of India enacted forbearance measures that lowered capital provisioning rates for loans under temporary liquidity stress. Matched bank-firm data reveal that troubled banks took advantage of the policy to also shield firms facing serious solvency issues. Perversely, in industries and bank portfolios with high proportions of failing firms, credit to healthy firms declined and was reallocated to the weakest firms. By incentivizing banks to hide true asset quality, the forbearance policy provided a license for regulatory arbitrage. The build-up of stressed assets in India's predominantly state-owned banking system is consistent with accounting subterfuge. | |
| 530 | _aHardcopy version available to institutional subscribers | ||
| 538 | _aSystem requirements: Adobe [Acrobat] Reader required for PDF files. | ||
| 538 | _aMode of access: World Wide Web. | ||
| 588 | 0 | _aPrint version record | |
| 690 | 7 |
_aE58 - Central Banks and Their Policies _2Journal of Economic Literature class. |
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| 690 | 7 |
_aG21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages _2Journal of Economic Literature class. |
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| 690 | 7 |
_aG28 - Government Policy and Regulation _2Journal of Economic Literature class. |
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| 700 | 1 | _aJain, Lakshita. | |
| 700 | 1 | _aKulkarni, Nirupama. | |
| 710 | 2 | _aNational Bureau of Economic Research. | |
| 830 | 0 |
_aWorking Paper Series (National Bureau of Economic Research) _vno. w28435. |
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| 856 | 4 | 0 | _uhttps://www.nber.org/papers/w28435 |
| 856 |
_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w28435 |
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_2ddc _cW-PAPER |
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_c319688 _d278250 |
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