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National Financial Accounts in 2008: a further rise in non-financial sector debt


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  • Sédillot, F.


In 2008, the economic downturn and financial pressures significantly impacted the borrowing and investment behaviour of non-financial agents. Households favoured liquid and low-risk savings instruments. Households and fi rms reduced bank borrowings but their debt ratios rose further.

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Bibliographic Info

Article provided by Banque de France in its journal Quarterly selection of articles - bulletin de la Banque de France.

Volume (Year): (2009)
Issue (Month): 15 (Autumn)
Pages: 49-57

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Handle: RePEc:bfr:quarte:2009:15:03

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Keywords: National financial accounts; provisional financial account; non-financial agents; households; non-financial corporations; general government; insurance corporations and mutual funds; credit institutions; non-residents; financing and investment; debt; deposits; interbank refi nancing; debt securities; loans; equities; mutual fund shares; life insurance; Treasury bills; bonds; housing savings schemes (PELs); euro-denominated/unit-linked policies.;

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