zombie bank en · NOUN
Etymology
First used in reference to the Asian Financial Crisis of 1997, possibly coined by economist Edward Kane.
Meanings
-
(derogatory) A bank that is insolvent but is sustained by government intervention.
But governments and central banks vouched for the zombie banks, which were able to keep borrowing dollars from banks in other countries.
1997 December 30, Martin Mayer, “Why Secrecy is Bad for Banking”, in Wall Street Journal:
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| zombie banks | Number=Plur | lexicographic |
Deriveds
Relateds
zombie company · quantitative easing · financial repression · zombie economy