Skip to main content
Return to Brookings Papers on Economic Activity
BPEA Article

Is There a Corporate Debt Crisis?



CONCERN about the financial stability of the U.S. corporate sector has been a staple of the business press and, to a lesser extent, of academic research for years. Henry Kaufman has been particularly consistent in warning about the dangers of excessive debt, in the household and government sectors as well as in corporations. His most recent article stresses the rapid growth of debt relative to income, as well as deteriorating credit quality.



Lawrence H. Summers

Charles W. Eliot University Professor and President Emeritus - Harvard University

Get daily updates from Brookings