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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...

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Main Author: Bouis, Romain.
Corporate Author: OECD iLibrary.
Other Authors: Christensen, Ane., Cournède, Boris.
Format: Online
Language:English
Published: Paris : OECD Publishing, 2013.
Series:OECD working papers. Economic Department working papers ; no. 1077.
Online Access:Online version
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