It takes the average reader and 24 minutes to read Macro-Financial Implications of Corporate (De)Leveraging in the Euro Area Periphery by Ms.Manuela Goretti
Assuming a reading speed of 250 words per minute. Learn more
High corporate indebtedness can pose an important threat to the adjustment processes in some of the Euro area periphery countries, through its drag on investment as well as the possible migration of private sector losses to the sovereign balance sheet. This paper examines the macroeconomic implications of corporate debt overhang in recent years, confirming empirical evidence in the literature on the relationship between a firm’s balance sheet position and its investment choices, especially beyond certain threshold levels. Building on an event study of past crisis experiences with corporate deleveraging, it also discusses the expected macro-financial impact of the ongoing deleveraging processes in these countries, presenting available policy options to facilitate an orderly balance-sheet adjustment and support a return to productivity and growth.
Macro-Financial Implications of Corporate (De)Leveraging in the Euro Area Periphery by Ms.Manuela Goretti is 24 pages long, and a total of 6,096 words.
This makes it 8% the length of the average book. It also has 7% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 33 minutes to read Macro-Financial Implications of Corporate (De)Leveraging in the Euro Area Periphery aloud.
Macro-Financial Implications of Corporate (De)Leveraging in the Euro Area Periphery is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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