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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Bibliografische gegevens
Hoofdauteur: Goretti, Manuela
Andere auteurs: Souto, Marcos
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2013.
Reeks:IMF Working Papers; Working Paper ; No. 2013/154
Online toegang:Full text available on IMF