Private and public debt

Vratilav Izák

In the paper we provide some empirical evidence of the development of private debt to GDP ratio in the sample of 18 EU Member States. We use detailed national accounts published regularly by the OECD-financial assets and liabilities by institutional sectors (flow of funds). The ratio of private to public debt culminated mainly in the year 2007 and since 2008 this ratio has the tendency to decline. Spillovers across private and public debt have revealed mainly a mutual dependency. Cross-country differences have been discovered in both household´s and non-financial corporation´s debt.

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Year of publication:	2014
Authors:	Izák, Vratilav
Published in:	European financial and accounting journal : EFAJ. - Praha : [Verlag nicht ermittelbar], ISSN 1805-4846, ZDB-ID 2819858-X. - Vol. 9.2014, 1, p. 4-21
Subject:	Private debt \| Public debt \| Flow of funds \| Öffentliche Schulden \| Privatisierung \| Privatization \| Schuldenmanagement \| Debt management \| Internationale Staatsschulden \| International sovereign debt \| Private Verschuldung \| Finanzierungsrechnung

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Extent:	Illustrationen
Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	hdl:10419/109917 [Handle]
Classification:	D9 - Intertemporal Choice and Growth ; E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook ; H3 - Fiscal Policies and Behavior of Economic Agents
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011460432