VoxEU Video

Does debt hurt investment?

Weak bank lending and low corporate investment have plagued Europe since the Global Crisis. In this video, Alexandra D'Onofrio investigates whether there is a link between high debt before the Crisis and low investment during it, based on firms' choices about their financial structures. These findings can help  create institutional frameworks that help firms strengthen their finances and protect themselves from similar vulnerabilities in the future. This video was recorded at the RELTIF book launch held in London in January 2018.