Assessing the Risk of Private Sector Debt Overhang in the Baltic Countries

Between 2000 and 2007 nonfinancial private sector credit expanded rapidly in the Baltic countries, resulting in a non-negligible build-up of debt. Could this legacy debt hold back the economic recovery of the region? This paper analyzes the setting in each of the three countries and, with the help of an experimental Debt Overhang Index (DOI), draws tentative conclusions for domestic demand.

MoreLess

Year of publication:	2010-11-01
Authors:	Herzberg, Valerie
Institutions:	International Monetary Fund (IMF)
Subject:	Credit \| Baltics \| Credit expansion \| Economic models \| Economic recovery \| Nonbank financial sector \| Public debt \| debt overhang \| corporate sector \| debt service \| private sector debt \| central bank \| asian crisis \| pre-crisis \| debt service payments \| debt restructuring \| credit boom \| recession \| competitiveness \| reserve bank \| private debt \| repayment capacity \| debt ratios \| central banks \| amortization payments \| debt contracts \| debt burden \| terms of debt \| financial integration \| debt relief \| debt holders

More details

Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series IMF Working Papers Number 10/250 3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008727791