deleveraging

"Deleveraging will be with us for a very long time," he said.

This year will be no different, as public-sector deleveraging has barely started.

This deleveraging should provide a significant boost to equity returns.

How does deleveraging work-what is the nature of that machine?

The impact of global deleveraging has only just hit Asia's real economies and it will take time to work its way though.

Without some deleveraging in the consumer sector, it's hard to make a case for a really powerful recovery looking ahead.

In addition to austerity, households and banks are still busy deleveraging.

We're essentially moving through a period of deleveraging of our global economy.

We think deleveraging has only really just begun.

Deleveraging is also likely to slow economic growth and prolong historically high unemployment rates.

Economic Benefit Seen Some say that deleveraging is good for the economy.

"This is a natural consequence of the deleveraging of the banking system.

A process of balance sheet deleveraging has spread to nearly every corner of the economy.

What does "possible pro-cyclical impacts of further deleveraging " mean?

"The dominant theme is obviously the deleveraging," Morrissey says.

Deleveraging is responsible for the continuing fall in the prices of both physical capital and financial assets after the initial market downturn.

Note that this comes at the expense of higher government debt, which will compromise the overall deleveraging of the economy.

That deleveraging means there has to be pain, and the banks have delayed that pain.

Global economic conditions are very different from 1978-81 and the deleveraging and deflationary environment should keep inflation in check.

The deleveraging of an economy following a financial crisis has significant macro-economic consequences and is often associated with severe recessions.

Moreover, the continued deleveraging of outstanding debts increases the rate of deflation.

Of course consumer deleveraging will continue and so it should but the sluggish recovery which has been underway since summer 2009 will continue also.

This meant that disruptions in credit markets would make them subject to rapid deleveraging, selling their long-term assets at depressed prices.

Deleveraging is frustrating and painful for private sector entities in distress: selling assets at a discount can itself lead to heavy losses.

The resulting need by investors and banks to reduce risk triggered a wide-scale deleveraging in these markets and led to fire sales.