The Financial Wealth of Corporations : A First Look at Sectoral Balance Sheet Data /

This paper analyzes the nonfinancial corporation (NFC) sector's financial balance sheets using data available from the OECD. In our sample of 20 advanced economies, corporate debt in percent of GDP-a frequently used indicator in the context of corporate balance sheet adjustments-has remained hi...

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Detalles Bibliográficos
Autor Principal: Hashimoto, Yuko
Outros autores: Kinoshita, Noriaki
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2016.
Series:IMF Working Papers; Working Paper ; No. 2016/011
Acceso en liña:Full text available on IMF
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245 1 4 |a The Financial Wealth of Corporations :   |b A First Look at Sectoral Balance Sheet Data /  |c Yuko Hashimoto, Noriaki Kinoshita. 
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520 3 |a This paper analyzes the nonfinancial corporation (NFC) sector's financial balance sheets using data available from the OECD. In our sample of 20 advanced economies, corporate debt in percent of GDP-a frequently used indicator in the context of corporate balance sheet adjustments-has remained high since the global financial crisis, with significant differences in the level and the trend between the high-debt and low-debt groups. Looking at financial balance sheets more broadly, including net financial wealth, the NFC sector's balance sheet conditions have improved recently, particularly reflecting accumulation of corporate cash and valuation gains on financial assets. Longer time series and more granular data for Japan, which has been experiencing a prolonged period of balance sheet adjustments, indicate that a continued strengthening of balance sheets might occur even after debt levels are reduced. 
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700 1 |a Kinoshita, Noriaki. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2016/011 
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