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ArtikelThe Debt Explosion of The 1980s : Problem and Opportunity  
Oleh: Synott III, Thomas W.
Jenis: Article from Bulletin/Magazine
Dalam koleksi: BUSINESS ECONOMICS vol. 26 no. 1 (1991), page 48-51.
Topik: DEBT; debt explosion; problem; opportunity
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: BB20.1
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelFrom 1982 to 1988, debt in the U. S. economy exploded. The ratio of debt to GNP, which had been noted for its stability for decades, climbed to a spectacular peak. While part of the excess debt stemmed from the much - discussed cumulative federal deficits over this period, the larger part seems to have financed investment in real estate. Now, the debt - to - GNP ratio may be peaking. This change is not surprising, for a great deal of the debt created in the past few years cannot be serviced. If the debt ratio is now peaking, it wold be a dramatic change from the recent pattern of rapid growth in debt. This change implies a sharp improvement in the supply and demand balance for long - term funds and is bound to lead to significant declines in long - term interest rates.
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