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Federal Reserve Bank of St. Louis
Economic Synopses
Household Financial Distress and Household Deleveraging
Helu Jiang
Juan M. Sanchez

Deleveraging may be caused by a declining willingness by households to borrow instead of a tightening of borrowing constraints.

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Helu Jiang & Juan M. Sanchez, "Household Financial Distress and Household Deleveraging" , Federal Reserve Bank of St. Louis, Economic Synopses, issue 18, pages 1-2, 2016.
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