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Debt-Deflation and Corporate Finance

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Over the past few years, the rapid growth in the level of public and private domestic debt, and growth in the level of foreign debt owed to American banks, has been a major source of concern for our legislators and financial regulators. This concern centers on the possible negative effects that debt buildup might have on the economy as a whole and on industry in particular.

Over the past few years, the rapid growth in the level of public and private domestic debt, and growth in the level of foreign debt owed to American banks, has been a major source of concern for our legislators and financial regulators.

This concern centers on the possible negative effects that debt buildup might have on the economy as a whole and on industry in particular.


Suggested citation: Fons, Jerome S., 1987. "Debt-Deflation and Corporate Finance," Federal Reserve Bank of Cleveland, Economic Commentary, 03.15.1987.

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