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This paper surveys the literature to document the main stylized facts, risks, and policy challenges related to the expansion of global nonfinancial corporate debt after the 2008-09 global financial crisis. Nonfinancial corporate debt steadily increased after the crisis, especially in emerging...
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) attributed to corporate financial roots provide a benchmark for comparison. Firm-level data show that post-GFC, emerging market …
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Asian Financial Crisis (AFC) attributed to corporate financial roots provide a benchmark for comparison. The firm-level data …
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