Private Sector Deleveraging And Growth Following Busts by Chen, Sally.

Full Title: Private Sector Deleveraging And Growth Following Busts
Author/Editor(s): Sally Chen; Minsuk Kim; Marijn Otte; Kevin Wiseman; Aleksandra Zdzienicka
ISBN: 1498333400, 9781498333405
Publisher: International Monetary Fund
Published Place: Washington, D.C.
Published/Copyright Year: 2015
Language: English
Series: IMF Working Papers: Working Paper No. 15/35
IMF ELibrary
Number of pages: 1 online resource (37 pages)
Categories:
Accumulation Of Debt
Asset Values
Balance Sheet
Bank Balance Sheets
Banking Crises
Bankruptcy
Borrowers
Capital Markets
Capital Structure
Central Bank
Consumption
Credit
Cross Country Analysis
Debt Accumulation
Debt Default
Debt Levels
Debt Overhang
Debt Overhangs
Debt Reduction
Default
Deleveraging
Developed Countries
Economic Growth
Emerging Economies
Emerging Market Economies
Emerging Markets
Equity
Financial Crises
Financial Crisis
Financial Cycles
Future
Government Policies
Government Spending
Holding
Income Growth
Inflation
Interest Rates
Investment
Leverage Cycles
Liquidation
Market Economies
Models With Panel Data
Monetary Fund
Money Multipliers
Money Supply
Mortgage
Policy Responses
Private Borrowers
Private Debt
Private Sector
Private Sector Debt
Public Debt
Saving
Time Series
United States
Valuation
Western Hemisphere


Content:
Balance sheet recessions have been a drag on activity after the Global Financial Crisis, underscoring the important role of balance sheet adjustment for resuming sustained growth. In this paper we examine private sector deleveraging experiences across 36 advanced and emerging economies countries since 1960. We consider the common features and divergent experiences of deleveraging episodes across countries, and analyze empirically the impact of different aspects of deleveraging during the bust phase of leverage cycles on subsequent medium-term growth. The results suggest that larger and quicker unwinding of non-financial sector debt overhangs is associated with sizable medium-term output gains, and that policies should focus on facilitating up-front balance sheet adjustment.

Electronic Resources:
http://hdl.library.upenn.edu/1017.12/1522090

ISBNPlus ID: UPE.BD102.21823-11-2208863
Form: Nonfiction
Released Date: 20151203

Download BiBTeX of this book (.bib)
@book{isbnplus9781498333405,
 title={Private Sector Deleveraging And Growth Following Busts},
 author={Sally Chen and Minsuk Kim and Marijn Otte and Kevin Wiseman and Aleksandra Zdzienicka},
 isbn={9781498333405},
 series={IMF Working Papers: Working Paper No. 15/35},
 url={http://isbnplus.org/9781498333405},
 year={2015},
 publisher={International Monetary Fund},
 address={Washington, D.C.}
}
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Download EndNote of this book (.enw)
%0 Book
%T Private Sector Deleveraging And Growth Following Busts
%A Sally Chen
%A Minsuk Kim
%A Marijn Otte
%A Kevin Wiseman
%A Aleksandra Zdzienicka
%@ 9781498333405
%U http://isbnplus.org/9781498333405
%D 2015
%I International Monetary Fund
%C Washington, D.C.
Download 9781498333405.enw
Download RefMan of this book (.ris)
TY  - BOOK
T1  - Private Sector Deleveraging And Growth Following Busts
A1  - Sally Chen
A1  - Minsuk Kim
A1  - Marijn Otte
A1  - Kevin Wiseman
A1  - Aleksandra Zdzienicka
SN  - 9781498333405
T3  - IMF Working Papers: Working Paper No. 15/35
UR  - http://isbnplus.org/9781498333405
Y1  - 2015
PB  - International Monetary Fund
CY  - Washington, D.C.
ER  - 
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APA Style:
Chen, S., Kim, M., Otte, M., Wiseman, K. & Zdzienicka, A. (2015). Private Sector Deleveraging And Growth Following Busts. Washington, D.C.: International Monetary Fund.

MLA Style:
Chen, Sally, Minsuk Kim, Marijn Otte, Kevin Wiseman, and Aleksandra Zdzienicka. Private Sector Deleveraging And Growth Following Busts. Washington, D.C.: International Monetary Fund, 2015. Print.

Chicago Style:
Chen, Sally, Minsuk Kim, Marijn Otte, Kevin Wiseman, and Aleksandra Zdzienicka. Private Sector Deleveraging And Growth Following Busts. Washington, D.C.: International Monetary Fund, 2015.