Author Archives: Sergei Guriev

State Ownership and Corporate Leverage around the World

By | June 1, 2022

Corporate indebtedness has risen sharply in the wake of the global financial crisis as low interest rates enticed many firms to issue bonds and borrow from banks. This debt surge occurred in developed countries and emerging markets alike. As a result, the total debt of non-financial companies increased from 84 percent of global GDP in… Read More »