The Impact of Debt
oaktreecapital.comSaved by phoebe
The Impact of Debt
Saved by phoebe
Debt can also scare off growth equity funds, who don’t like not being the most senior money in the pref stack.
This framework gives important insights in a debt-driven World. First-and-foremost, financial markets increasingly operate as vast debt refinancing mechanisms not new capital-raising vehicles . Second, domestic and international capital flows represent key drivers of the economic system. Increasingly cross-border flows determine trade balances, not
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