zombie bank
zombie bank · zombie banks
A bank that is insolvent but is sustained by government interventionA bank that is insolvent but is sustained by government intervention.
Meaning
1 senses(derogatory)A bank that is insolvent but is sustained by government intervention.
Origin
First used in reference to the Asian Financial Crisis of 1997, possibly coined by economisFirst used in reference to the Asian Financial Crisis of 1997, possibly coined by economist Edward Kane.
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