zombie bank
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English
[edit]Etymology
[edit]First used in reference to the Asian Financial Crisis of 1997, possibly coined by economist Edward Kane.
Noun
[edit]zombie bank (plural zombie banks)
- (finance, banking, derogatory) A bank that is insolvent but is sustained by government intervention.
- 1997 December 30, Martin Mayer, “Why Secrecy is Bad for Banking”, in Wall Street Journal[1]:
- But governments and central banks vouched for the zombie banks, which were able to keep borrowing dollars from banks in other countries.
Derived terms
[edit]Further reading
[edit]zombie bank on Wikipedia.Wikipedia