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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Dettagli Bibliografici
Autore principale: Hong, Gee Hee
Altri autori: Igan, Deniz, Lee, Do
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2021.
Serie:IMF Working Papers; Working Paper ; No. 2021/044
Accesso online:Full text available on IMF