01760cas a2200253 a 4500 AALejournalIMF017538 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475589573 1018-5941 BD-DhAAL BD-DhAAL Jarmuzek, Mariusz. Excessive Private Sector Leverage and Its Drivers : Evidence from Advanced Economies / Mariusz Jarmuzek, Rossen Rozenov. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Nonfinancial private sector debt increased significantly in advanced economies prior to the global financial crisis and, with a few exceptions, deleveraging has been limited. Furthermore, in some countries households and corporations have continued to accumulate debt. Drawing on the literature, the paper aims to provide a quantitative assessment of the gaps between actual and sustainable levels of debt and to identify the key factors that drive excessive borrowing. Results suggest that variables that are typically found important in studies focusing on borrowing decisions, are also relevant for explaining the debt sustainability gaps. Mode of access: Internet Rozenov, Rossen. IMF Working Papers; Working Paper ; No. 2017/072 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/072/001.2017.issue-072-en.xml IMF e-Library