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The massive upsurge in private sector credit and stock market capitalization in OECD countries in recent decades has been both a blessing and a bane. While the increased availability of debt and equity finance can help promote economic output, too much of a good thing can quickly become bad. OECD economists Boris Cournède, Oliver Denk and Peter Hoeller investigate this tendency and offer essential insights into the complex interplay of finance and the real economy, which getAbstract suggests to policy makers, financial professionals and regulators.
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Boris Cournède, Oliver Denk and Peter Hoeller are OECD economists.
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