Rapidly Rising Coporate Debt: Are Firms Now Vulnerable to an Economic Slowdown?
6 Pages Posted: 4 May 2005
The buildup of debt in the late 1990s has raised concerns about the U.S. nonfinancial corporate sector's health and its vulnerability to economic downturns. An analysis of the sector suggests that while small firms are experiencing some weakness, corporations as a group are in good financial shape.
Keywords: corporate debt, leverage
JEL Classification: G31, G32
Suggested Citation: Suggested Citation