zombie bank

English

First used in reference to the Asian Financial Crisis of 1997, possibly coined by the economist Edward Kane.

zombie bank (plural zombie banks)

(finance, banking) A bank that is insolvent but is propped up by government intervention
- 1997, December 30, “Martin Mayer”, in Why Secrecy is Bad for Banking‎:
  But governments and central banks vouched for the zombie banks, which were able to keep borrowing dollars from banks in other countries.

单词	zombie bank
释义	zombie bank English Etymology First used in reference to the Asian Financial Crisis of 1997, possibly coined by the economist Edward Kane. Noun zombie bank (plural zombie banks) (finance, banking) A bank that is insolvent but is propped up by government intervention 1997, December 30, “Martin Mayer”, in Why Secrecy is Bad for Banking‎: But governments and central banks vouched for the zombie banks, which were able to keep borrowing dollars from banks in other countries. Derived terms zombie banker See also zombie bank on Wikipedia.Wikipedia
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