National Financial Accounts in 2008: a further rise in non-financial sector debt

Franck Sedillot ()

Quarterly selection of articles - Bulletin de la Banque de France, 2009, issue 15, 49-57

Abstract: In 2008, the economic downturn and financial pressures significantly impacted the borrowing and investment behaviour of non-financial agents. Households favoured liquid and low-risk savings instruments. Households and fi rms reduced bank borrowings but their debt ratios rose further.

Keywords: National financial accounts; provisional financial account; non-financial agents; households; non-financial corporations; general government; insurance corporations and mutual funds; credit institutions; non-residents; financing and investment; debt; deposits; interbank refi nancing; debt securities; loans; equities; mutual fund shares; life insurance; Treasury bills; bonds; housing savings schemes (PELs); euro-denominated/unit-linked policies. (search for similar items in EconPapers)
JEL-codes: G00 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:quarte:2009:15:03

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