Aggregate Debt Servicing and the Limit on Private Credit
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This paper reviews the debt service ratio (DSR) as a theoretically well-grounded indicator of systemic risk. The DSR has the desirable feature that it fluctuates around a stable level which makes its early warning signals easy to understand and communicate. In contrast, current early warning
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美国国家经济研究局创建时间：
2024-12-01
