Current Issues in Economics and Finance
Rapidly Rising Coporate Debt: Are Firms Now Vulnerable to an Economic Slowdown?
June 2000 Volume 6, Number 7
JEL classification: G31, G32

Authors: Carol Osler and Gijoon Hong

The buildup of debt in the late 1990s has raised concerns about the U.S. nonfinancial corporate sector’s health and its vulnerability to economic downturns. An analysis of the sector suggests that while small firms are experiencing some weakness, corporations as a group are in good financial shape.

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