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Zombies on the brink: Evidence from Japan on the reversal of monetary policy effectiveness

Summary:
by Gee Hee Hong, Deniz Igan and Do LeeThis paper offers a corporate finance perspective on the effects and limitations of unconventional monetary policy.

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by Gee Hee Hong, Deniz Igan and Do Lee
This paper offers a corporate finance perspective on the effects and limitations of unconventional monetary policy.
International Settlement
The Bank for International Settlements (BIS) is an international company limited by shares owned by central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work through subcommittees, the secretariats it hosts and through an annual general meeting of all member banks. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.

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