Deleveraging? What deleveraging?

"Since 1999 the Geneva Reports on the World Economy, published jointly by CEPR and ICMB, have informed the highest calibre discussion and debate on global economics issues. The 16th issue delivers on this reputation: the Report provides an analysis of the role of debt dynamics in the recovery from the global crisis. The authors' approach is comprehensive and takes into account the changing nature of debt and the way it relates to the global investment position. The report offers not only the context of debt dynamics over the last decade, but also a detailed analysis of the changing nature of debt over time and across the world, the occurrence of leverage cycles, and the capacity for debt and leverage - and the policies to deploy in managing both debt and the legacies of the past crises."--Foreword