Showing posts with label Corporate default. Show all posts
Showing posts with label Corporate default. Show all posts
Friday, March 22, 2019
Bretton Woods and corporate defaults
In the Eatwell and Taylor book, Global Finance at Risk, they had, I think, a graph with the percentage of corporate bonds in default in the US (I don't have the book here, it's my office). I think this is a close one, with data that is more recent (from this Moody's report).
The graph shows corporate bond default rates (and also the speculative-grade bond defaults). Note that defaults fall significantly during the Bretton Woods era of capital controls and low interest rates.
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