Summary of Deleveraging Patterns in the Euro Area Corporate Sector
European Central Bank. This Monthly Bulletin article can be obtained via the ECB's website free of charge.
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Coming back from the recent recession has been a long, hard slog for many developed economies, particularly Europe’s. Deliberations at the European Central Bank’s headquarters in Frankfurt center on why meager growth persists in the euro zone and how to move beyond it. Given the power and influence of these central bankers, understanding what they are thinking is more important than ever. getAbstract recommends this scholarly but accessible analysis of corporate debt and deleveraging in the EU to executives, bankers, analysts and investors.
In this summary, you will learn
- How corporate deleveraging in the euro zone has proceeded since the 2008 financial crisis,
- How the subsequent downturn compares with other recessions and
- How European policy makers can use banking reforms to improve the real economy.
About the Author
The European Central Bank is the monetary authority of the euro zone.