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Assessing the Risk of Private Sector Debt Overhang in the Baltic Countries, Valerie Herzberg

Abstract
Between 2000 and 2007 nonfinancial private sector credit expanded rapidly in the Baltic countries, resulting in a non-negligible build-up of debt. Could this legacy debt hold back the economic recovery of the region? This paper analyzes the setting in each of the three countries and, with the help of an experimental Debt Overhang Index (DOI), draws tentative conclusions for domestic demand
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Executive Summary and Introduction; II. How Indebted is the Nonfinancial Private Sector in the Baltic Countries? Some Stylized Facts; 1. Private Sector Domestic Bank Credit; 2. Nonfinancial Private Sector Loans over GDP, 2008; 3. Leverage Ratios of the Household Sector; 4. Leverage Ratios of the Nonfinancial Corporate Sector; 1. Volatility of Operating Surplus; 5. Debt-to-Equity of Nonfinancial Corporate Sectors, 2008; 6. Debt Service Ratios; III. Will Private Sector Debt Weigh on Domestic Demand? Indications from a Debt Overhang Index
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (46 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613882011

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