Series: IMF Working Papers
Author(s): Samba Mbaye , Marialuz Moreno Badia , and Kyungla Chae
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 June 2018
Keywords: Public debt, deleveraging, private debt, leverage cycles, bailout, Financial Markets and the Macroeconomy, International Lending and Debt Problems, International Business Cycles, General, International
This paper documents a form of private sector bailout that is much more common (and yet unnoticed) than the typical bank bailout. Building on the newly-created Global Debt Database, we show that excess private debt...