How Much Leverage is too Much, or Does Corporate Risk Determine the Severity of a Recession? /

Economic theory suggests that vulnerable financial conditions of the corporate sector can trigger or worsen an economy-wide recession. This paper proposes a measure of corporate vulnerability, the Corporate Vulnerability Index (CVI) and analyses whether it can explain the probability and severity of...

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Bibliografiske detaljer
Hovedforfatter: Ivaschenko, Iryna
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2003.
Serier:IMF Working Papers; Working Paper ; No. 2003/003
Online adgang:Full text available on IMF

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