Debt and depth of recessions.

Debt and depth of recessions.

This paper empirically investigates the relationship between the speed of buildup of private debt (household and corporate) and the depth of recessions. To do this, we differentiate between financial recessions and normal recessions on the basis of how quickly their private debt builds up. In additi...

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Bibliographic Details
Main Author: Park, Donghyun (Author)
Format: Electronic Resource
Language:English
Published: Manila,Philippines Asian Development Bank, [2019]
Series:Economics working papers.
Subjects:
Debts, Public > Asian countries.
Monetary policy > Asian countries.
Financial instruments > Asian countries.
Economics.
Electronic book.
Online Access:https://www.adb.org/publications/debt-depth-recessions