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Excessive private sector leverage and its drivers : evidence from advanced economies /
Nonfinancial private sector debt increased significantly in advanced economies prior to the global financial crisis and, with a few exceptions, deleveraging has been limited. Furthermore, in some countries households and corporations have continued to accumulate debt. Drawing on the literature, the...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, District of Columbia :
International Monetary Fund,
2017.
[Washington, D.C.] : [2017] |
| Colección: | IMF working paper ;
WP/17/72. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Nonfinancial private sector debt increased significantly in advanced economies prior to the global financial crisis and, with a few exceptions, deleveraging has been limited. Furthermore, in some countries households and corporations have continued to accumulate debt. Drawing on the literature, the paper aims to provide a quantitative assessment of the gaps between actual and sustainable levels of debt and to identify the key factors that drive excessive borrowing. Results suggest that variables that are typically found important in studies focusing on borrowing decisions, are also relevant for explaining the debt sustainability gaps. |
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| Descripción Física: | 1 online resource (30 pages) : illustrations, tables. |
| ISBN: | 1475589662 9781475589665 |
| ISSN: | 1018-5941 |