Coverart for item
The Resource Macro-Financial Implications of Corporate (De)Leveraging in the Euro Area Periphery, Manuela Goretti

Macro-Financial Implications of Corporate (De)Leveraging in the Euro Area Periphery, Manuela Goretti

Label
Macro-Financial Implications of Corporate (De)Leveraging in the Euro Area Periphery
Title
Macro-Financial Implications of Corporate (De)Leveraging in the Euro Area Periphery
Statement of responsibility
Manuela Goretti
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
High corporate indebtedness can pose an important threat to the adjustment processes in some of the Euro area periphery countries, through its drag on investment as well as the possible migration of private sector losses to the sovereign balance sheet. This paper examines the macroeconomic implications of corporate debt overhang in recent years, confirming empirical evidence in the literature on the relationship between a firm's balance sheet position and its investment choices, especially beyond certain threshold levels. Building on an event study of past crisis experiences with corporate deleveraging, it also discusses the expected macro-financial impact of the ongoing deleveraging processes in these countries, presenting available policy options to facilitate an orderly balance-sheet adjustment and support a return to productivity and growth
Member of
Cataloging source
DcWaIMF
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Goretti, Manuela
Government publication
international or intergovernmental publication
LC call number
K4452.I57
LC item number
G674 2013 ONLINE
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
Souto, Marcos
Series statement
IMF Working Paper
Series volume
WP/13/154
http://library.link/vocab/subjectName
  • Competitiveness
  • Corporate Sector
  • Crisis Episodes
  • Crisis
  • Debt Overhang
  • Debt Restructuring
  • Italy
  • Portugal
  • Spain
Label
Macro-Financial Implications of Corporate (De)Leveraging in the Euro Area Periphery, Manuela Goretti
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2013154
Dimensions
unknown
Extent
1 online resource (24 pages)
Form of item
online
Isbn
9781475577563
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781475577563.001
Specific material designation
remote
System control number
(IMF)WPIEA2013154
Label
Macro-Financial Implications of Corporate (De)Leveraging in the Euro Area Periphery, Manuela Goretti
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2013154
Dimensions
unknown
Extent
1 online resource (24 pages)
Form of item
online
Isbn
9781475577563
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781475577563.001
Specific material designation
remote
System control number
(IMF)WPIEA2013154

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