Corporate Net Lending : A Review of Recent Trends

Christophe Andréi ; Stéphanie Guichardi ; Mike Kennedyi ; Dave Turneri iOECD

Organisation for Economic Co-operation and Development

关键词: corporate net lending;    corporate investment;    financial corporations;    corporate saving;   

DOI  :  https://doi.org/10.1787/044308023722

学科分类：社会科学、人文和艺术（综合）

来源: OECD iLibrary

【 摘 要 】

Since 2001, OECD corporate net lending has risen sharply. This paper examines the main forces at play behind this run-up and provides some insight into whether and how they might possibly unwind in the future, a process that may already be underway. It shows in particular that, the increase is partly temporary with some of it likely to fade with the cycle and the ongoing adjustments in the financial and housing sectors. On the other hand, part of the increase reflects structural changes in corporate behaviour and in their environment and is likely to persist. The paper also points to cross-country differences reflecting, for example, the role of competiveness in Japan and continental Europe, and of the financial sector in the United Kingdom.