Non-Financial Corporate Credit and Recessions
Posted: 22 Mar 2021
Date Written: March 19, 2021
Abstract
The global financial crisis of 2008-09 (GFC) followed an extended period of growth in non-financial corporate (NFC) sector debt. NFC corporate debt resumed its climb a few years after the GFC, and the pace of growth picked up in 2020, as firms took on debt to cover revenue lost during the pandemic or to build up precautionary liquidity buffers.
Suggested Citation: Suggested Citation
Curcuru, Stephanie E. and Jahan-Parvar, Mohammad, Non-Financial Corporate Credit and Recessions (March 19, 2021). FEDS Notes No. 2021-03-19-1
https://doi.org/10.17016/2380-7172.2877, Available at SSRN: https://ssrn.com/abstract=3810118
https://doi.org/10.17016/2380-7172.2877, Available at SSRN: https://ssrn.com/abstract=3810118
Stephanie E. Curcuru (Contact Author)
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
Mohammad Jahan-Parvar
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
HOME PAGE: http://sites.google.com/site/mrjahan/
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