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...

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Detalles Bibliográficos
Autor principal: Hong, Gee Hee
Otros Autores: Igan, Deniz, Lee, Do
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2021.
Colección:IMF Working Papers; Working Paper ; No. 2021/044
Acceso en línea:Full text available on IMF