Preserving banking and financial stability
The International Monetary Fund says that what matters is not just the volume of credit but the quality of firms getting it
Almost a decade after the global financial crisis, economists continue to debate what went wrong, and how the world can avoid another blowout. One concern right now is that years of excessively easy monetary policy have resulted in higher leverage. The corporate credit-to-gross domestic product ratio in both advanced and emerging market economies is at near-historic highs.