By Gertjan W Vlieghe
This paper investigates the determinants of corporate failures in the United Kingdom using aggregate time series data. It is part of a continuing programme of empirical research being undertaken in the Bank of England’s Domestic Finance Division on the causes and consequences of financial health or distress in the UK corporate sector (see, for example, Benito and Vlieghe (2000) using micro-data).
Indicators of fragility in the UK corporate sector