Macro-Financial Implications of Corporate (De)Leveraging in the Euro Area Periphery /

High corporate indebtedness can pose an important threat to the adjustment processes in some of the Euro area periphery countries, through its drag on investment as well as the possible migration of private sector losses to the sovereign balance sheet. This paper examines the macroeconomic implicati...

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Hlavní autor: Goretti, Manuela
Další autoři: Souto, Marcos
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2013.
Edice:IMF Working Papers; Working Paper ; No. 2013/154
On-line přístup:Full text available on IMF