Non-Financial Corporate Credit and Recessions

Stephanie E. Curcuru and Mohammad Jahan-Parvar
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Stephanie E. Curcuru: https://www.federalreserve.gov/econres/stephanie-e-curcuru.htm

No 2021-03-19-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The global financial crisis of 2008-09 (GFC) followed an extended period of growth in non-financial corporate (NFC) sector debt. NFC corporate debt resumed its climb a few years after the GFC, and the pace of growth picked up in 2020, as firms took on debt to cover revenue lost during the pandemic or to build up precautionary liquidity buffers.

Date: 2021-03-19
New Economics Papers: this item is included in nep-fdg
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2021-03-19-1

DOI: 10.17016/2380-7172.2877

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