Corporate Debt, Boom-Bust Cycles, and Financial Crises
收藏NBER2024-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w32225
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资源简介：
Using a new dataset on sectoral credit exposures in 114 economies from 1940 to 2014, we provide evidence that corporate debt plays a key role in explaining macroeconomic boom-bust cycles, financial crises, and sluggish recoveries. We find that: (i) corporate debt accounts for two-thirds of aggregate
提供机构：
美国国家经济研究局
创建时间：
2024-03-01
