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08

Trends and prospects for private-sector deleveraging in advanced economies

By Tony Seruga

NFAs post 2007 This post originally appeared on Vox.

Major advanced economies have made mixed progress in repairing the private sector’s balance sheets. This column explores private sector deleveraging trends and calls for a set of policies that will return debt to safer levels. Monetary policies should support private sector deleveraging and policymakers should not ignore the positive impact of debt restructuring and write-offs on non-performing loans…

Trends and prospects for private-sector deleveraging in advanced economies

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