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


  • 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.

Suggested Citation

  • Sédillot, F., 2009. "National Financial Accounts in 2008: a further rise in non-financial sector debt," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 15, pages 49-57, Autumn.
  • Handle: RePEc:bfr:quarte:2009:15:03

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