Series: IMF Working Papers
Author(s): Adrian Alter , and Selim Elekdag
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 December 2016
Keywords: Monetary policy, Corporate debt, United States, Emerging markets, Economic conditions, Corporate structure, Leverage, Global financial conditions, US monetary policy
Corporate debt in emerging markets has risen significantly in recent years amid accommodative global financial conditions. This paper studies the relationship of leverage growth in emerging market (EM) firms to U.S...