The Resource How much leverage is too much, or does corporate risk determine the severity of a recession?, Iryna Ivaschenko

How much leverage is too much, or does corporate risk determine the severity of a recession?, Iryna Ivaschenko

Label
How much leverage is too much, or does corporate risk determine the severity of a recession?
Title
How much leverage is too much, or does corporate risk determine the severity of a recession?
Statement of responsibility
Iryna Ivaschenko
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
Economic theory suggests that vulnerable financial conditions of the corporate sector can trigger or worsen an economy-wide recession. This paper proposes a measure of corporate vulnerability, the Corporate Vulnerability Index (CVI) and analyses whether it can explain the probability and severity of recessions. The CVI is constructed as the default probability for the entire corporate sector, using the model of corporate debt by Anderson, Sundaresan, and Tychon (1996). The CVI is shown to be a significant predictor of the probability of a recession 4 to 6 quarters ahead, even controlling for other leading indicators. An increase in the CVI is also associated with an increase in the probability of a more severe and lengthy recession 3 to 6 quarters ahead
Member of
Action
digitized
Cataloging source
OCLCE
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.03/3
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
WP/03/3
Label
How much leverage is too much, or does corporate risk determine the severity of a recession?, Iryna Ivaschenko
Publication
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 29-32)
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn646960357
Dimensions
unknown
Extent
1 online resource (32 pages)
File format
one file format
Form of item
online
Isbn
9781451890303
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
http://library.link/vocab/recordID
.b37171811
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)646960357
  • imf1281603244
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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