BIS：各经济体的复苏并不均衡，企业资产负债表仍然脆弱

（本文来自BIS官网）

https://www.bis.org/publ/qtrpdf/r_qt2009.htm

BIS Quarterly Review, September 2020

This Quarterly Review looks at the financial market's recovery from March's acute stress, noting that the upturn has been uneven and corporate balance sheets remain fragile. It also analyses how lower interest rates affect stock prices and explores why equity investors have been negative towards banks even though they entered the pandemic well positioned to absorb losses thanks to post-2008 regulatory reforms.

报告全文链接：

https://www.bis.org/publ/qtrpdf/r_qt2009.pdf