Debt and Depth of Recessions
| dc.contributor.author | ADB; Park, Donghyun; Shin, Kwanho; Tian, Shu | |
| dc.date.accessioned | 2021-10-05T15:04:51Z | |
| dc.date.available | 2021-10-05T15:04:51Z | |
| dc.date.issued | 2019-04 | |
| dc.description | This paper empirically investigates the relationship between the speed of the buildup of private debt—household and corporate debt—and the depth of recessions. To do this, it differentiates between financial recessions and normal recessions on the basis of the speed of the debt buildup. It finds that financial recessions are deeper than normal recessions in advanced economies and that the differences become more pronounced when emerging market economies are added to the sample. It finds that the buildup of corporate debt—and not just household debt—can worsen recessions, especially in emerging market economies. | |
| dc.format.extent | 34 | |
| dc.identifier.isbn | N/A | |
| dc.identifier.isbn | N/A | |
| dc.identifier.issn | 2313-6537 | |
| dc.identifier.issn | 2313-6545 | |
| dc.identifier.uri | https://www.adb.org/publications/debt-depth-recessions | |
| dc.identifier.uri | https://hdl.handle.net/20.500.14540/5643 | |
| dc.subject.other | Economic research | |
| dc.subject.other | Economics | |
| dc.subject.other | Financial crisis | |
| dc.subject.other | Financial markets | |
| dc.subject.other | Public debt | |
| dc.subject.other | Public financial management | |
| dc.title | Debt and Depth of Recessions | |
| local.publication.country | Regional - Asia and the Pacific |