Zombies on the Brink : Evidence from Japan on the Reversal of Monetary Policy Effectiveness /

How does unconventional monetary policy affect corporate capital structure and investment decisions? We study the transmission channel of quantitative easing and its potential diminishing returns on investment from a corporate finance perspective. Using a rich bank-firm matched data of Japanese firm...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Hong, Gee Hee
Weitere Verfasser: Igan, Deniz, Lee, Do
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2021.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2021/044
Online Zugang:Full text available on IMF