Zombie banking, zombie borrowing: Japanese lessons for the COVID-19 era
Japan’s “lost decade” of the 1990s provided what is widely viewed as a textbook example of financial zombification, in which banks keep extending credit to unviable borrowers and delay the corresponding impairment of bad loans. In this session, we will discuss the challenges of the COVID-19 era in advanced economies in the light of the Japanese experience.
Joining this episode of Financial Statements were:
Nicolas Véron, Senior Fellow, Peterson Institute for International Economics (PIIE)
ABOUT THIS SERIES
Financial Statements is a virtual event series hosted twice a month by Nicolas Véron that explores changes in the world of finance, encompassing themes of financial services regulation, corporate finance and governance, systemic fragility and crises, and structural changes driving business and policy trends in the financial sector.