Park, Donghyun; Shin, Kwanho; Tian, Shu - 2018
The rapid accumulation of private debt is widely viewed as a major risk to financial and economic stability. This paper … accumulation rather than crisis dates and find that in both advanced and EMEs, corporate debt buildups cause more financial peaks … systematically and comprehensively assesses the effect of private debt buildup on economic growth. In the spirit of Mian, Sufi, and …