Corporate Borrowing Since The Crisis: Large, Unproductive And Risky

Since 2000, the corporate bond market has changed drastically in size and, importantly, in credit composition. Over this period, the corporate bond market has grown by 378%, greatly outstripping the 111% growth of GDP.  The bar chart below shows how the credit composition of the corporate bond market shifted markedly with the surge in debt outstanding.

 

 

 

 

 

 

 

 

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