Credit is the engine of growth, but can excessive debt reduce the economy’s resilience to shocks? Drawing on finance research and practice, this SFI Practitioner Roundup provides an evidence-based perspective on several topics that figure prominently in public discussion, such as the sustainability of government debt levels, the effect of debt on entrepreneurial activity, and the unintended consequences of certain banking regulations. A number of fresh insights emerge, which sometimes run counter to conventional wisdom.

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