potential synergies between them, in an asymmetric monetary union that faces a liquidity trap and a slow deleveraging process in …

time, focusing instead on a unweighted equity ratio target, we find evidence of deleveraging and lower loan growth for …

time, focusing instead on a unweighted equity ratio target, we find evidence of deleveraging and lower loan growth for …

adequate economic policy mix to prevent disorderly deleveraging in the banking system. The added value of this paper is twofold …

time, focusing instead on a unweighted equity ratio target, we find evidence of deleveraging and lower loan growth for …

where balance sheet repair is most needed. Finally, the authors examine to what extent the deleveraging process has already …

household deleveraging nevertheless remain in a few OECD countries where indebtedness has risen in recent years. In the … financial sector, possible future deleveraging will be more damaging to growth if it involves reducing assets rather than … retaining (or raising) equity. To speed up the deleveraging process and minimising its impact on prosperity, bad loans should be …

set of countries. The country choice was based on large deleveraging episodes of total economy debt, identified by turning … point dating. The analysis shows that GDP is more volatile in the phase of deleveraging. However, countries can be … often rebounded during the phase of deleveraging. On the contrary, in a second group of countries, the higher volatility …

is happening now is that, after the bursting of the bubble, the private sector is deleveraging or reducing its debt to a …