Patterns of default in the non-financial private sectors

Quarterly Bulletin 1991 Q4
Published on 01 December 1991

The current recession has been accompanied by an unprecedented rise in the incidence of default on loans by both households and companies. This note seeks to clarify the reasons for these patterns of default, relating them not only to general economic conditions but also to the state of private sector balance sheets, which have exhibited a considerable increase in gearing over the 1980s. A range of other factors are also considered.

PDFPatterns of default in the non-financial private sectors

 


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