This article surveys the theory on zombie lending incentives and the consequences of
zombie lending for the real economy. It also offers a historical perspective by reviewing the …

In this article, we review the literature on the recent growth of corporate debt in China and
present stylized facts on the evolution of debt composition, nonperforming loans, defaults …

Using natural disasters as shocks to local borrowers' solvency, we investigate how banks'
post-shock reporting patterns of troubled assets are affected by their existing asset quality …

In a world where the problem of NPLs is all but ubiquitous, and success stories of markets of
distressed debt are rare, the paper establishes design principles for the creation of such …

The paper differs from current literature by providing a systematic analysis of the relationship
between sovereign debt, financial distress and political career concerns via a novel game …

Purpose This study aims to provide a critique of the institutional framework of the National
Asset Reconstruction Company Limited (NARCL), India's “bad bank.” Design/methodology …

This paper studies whether supervisory actions, namely provisioning guidelines on non-
performing loans (NPLs), affect banks' NPL cleansing and lending behaviour, as well as the …