Private and Public Debt

Izák, Vratilav

doi:doi:10.18267/j.efaj.112

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Titel:

Private and Public Debt

Autor:innen:

Izák, Vratilav

Erscheinungsjahr:

2014

Quellenangabe:

[Journal:] European Financial and Accounting Journal [ISSN:] 1805-4846 [Volume:] 9 [Issue:] 1 [Publisher:] University of Economics, Faculty of Finance and Accounting [Place:] Prague [Year:] 2014 [Pages:] 4-21

Verlag:

University of Economics, Faculty of Finance and Accounting, Prague

Zusammenfassung:

In the paper we provide some empirical evidence of the development of private debt to GDP ratio in the sample of 18 EU Member States. We use detailed national accounts published regularly by the OECD-financial assets and liabilities by institutional sectors (flow of funds). The ratio of private to public debt culminated mainly in the year 2007 and since 2008 this ratio has the tendency to decline. Spillovers across private and public debt have revealed mainly a mutual dependency. Cross-country differences have been discovered in both household´s and non-financial corporation´s debt.

Schlagwörter:

Private debt
Public debt
Flow of funds

JEL:

D9
E6
H3

Persistent Identifier der Erstveröffentlichung:

doi:10.18267/j.efaj.112

Dokumentart:

Article

Erscheint in der Sammlung:

European Financial and Accounting Journal (EFAJ), Faculty of Finance and Accounting, Prague University of Economics and Business

Datei(en):

Datei