34–52; Bevilaqua, J., Hale, G. and Tallman, E. (2020), “Corporate yields and sovereign yields”, Journal of International Economics; Eichengreen, B. and A. Mody (2000), “What explains changing spreads on emerging market debt? Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies”, University of Chicago Press.
[9] At the same time, public support measures should become increasingly targeted in order to avoid corporate “zombification” via the misallocation of capital or postponed loss recognition. For further details see Laeven, L., Schepens, G. and Schnabel, I. (2020), “Zombification in Europe in times of pandemic”, VoxEU, 11 October. https://www.ecb.europa.eu/press/key/date/2021/html/ecb.sp210128~8f5dc86601.en.html  13/13