Macro-Financial Implications of Corporate (De)Leveraging in the Euro Area Periphery

WP/13/154

Macro-Financial Implications of Corporate (De)Leveraging in the Euro Area Periphery
High corporate indebtedness can pose an important threat to the adjustment processes in some of the Euro area periphery countries, through its drag on investment as well as the possible migration of private sector losses to the sovereign balance sheet. This paper examines the macroeconomic implications of corporate debt overhang in recent years,... READ MORE...

Publication date: June 2013
ISBN 9781475577563
$18.00

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Publication date: June 2013

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Publication date: June 2013

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