Los canales del desapalancamiento del sector privado: una comparación internacional

Preprint OPEN
Daniel Garrote ; Jimena Llopis ; Javier Vallés (2013)
  • Subject: debt, deleveraging, inflation, restructurings, defaults
    • jel: jel:E20 | jel:E51 | jel:G21

Following the increase in private-sector indebtedness before the 2008 Great Recession, balance sheet adjustment by the most indebted agents will be a necessary condition for achieving balanced growth. This paper analyses the deleveraging of the non-financial private sec... View more
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