Deleveraging Challenges, Progress and Policies /
In the run-up to the financial crisis, indebtedness of households and non-financial businesses rose to historically high levels in many OECD countries; gross debt of financial companies rose dramatically relative to GDP. Much of the debt accumulation appears to have been based on excessive risk-taki...
|Series:||OECD working papers. Economic Department working papers ;
no. 1077. |
|Online Access:||Online version|
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