Financial stability, fiscal sustainability and changes in debt structure after economic downturn
In this paper, the author finds links among changes in private and public debt during economic downturn and discusses their financial stability and fiscal sustainability consequences. Financial deepening in years before the economic downturn resulted in the growth of indebtedness among agents withi...
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| Format: | Article |
| Language: | English |
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Vilnius University Press
2015-01-01
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| Series: | Ekonomika |
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| Online Access: | https://www.journals.vu.lt/ekonomika/article/view/8788 |