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Are insolvent firms being kept afloat by excessively low interest rates?

Abstract : Since the crisis, interest rates on bank loans to firms have fallen sharply, but have also become more widely dispersed. This indicates that banks are discriminating more in the credit market on the basis of borrower risk. Lending to struggling firms at low interest rates remains rare. This tends to suggest there has been no significant rise in zombie lending, i.e. the provision of loans at artificially low interest rates to help keep otherwise insolvent companies afloat.
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https://hal-amu.archives-ouvertes.fr/hal-01634193
Contributor : Elisabeth Lhuillier Connect in order to contact the contributor
Submitted on : Monday, November 13, 2017 - 5:41:39 PM
Last modification on : Thursday, February 10, 2022 - 6:46:30 PM

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  • HAL Id : hal-01634193, version 1

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Sanvi Avouyi-Dovi, Rémy Lecat, Charles W O'Donnell, Benjamin Bureau, Jean-Pierre Villetelle. Are insolvent firms being kept afloat by excessively low interest rates?. Rue de la Banque, 2016, pp.4, n°29. ⟨hal-01634193⟩

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