Who owns what is owed, and why? In the following charts: blue = financial sectors; red = nonfinancial sectors; green = foreign sectors.
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| Credit market assets held by domestic financial sectors (blue), domestic nonfinancial sectors (red) and foreign sectors (green). |
Because the financial sectors lend money, they hold debt (and sell it). Nonfinancial sectors, which include commercial businesses and households, are the two largest net debtors. The green line?
Trade policy.
Credit market assets are the asset side of debt.
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| Debt minus assets. |
Assets to debt.
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| Assets divided by debt for domestic financial sectors (blue), domestic nonfiancial sectors (red) and foreign sectors (green). |
Close up.
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| Close up - since 1971. Assets divided by debt for domestic financial sectors (blue), domestic nonfiancial sectors (red) and foreign sectors (green). |
Assets minus debt.
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| Assets minus debt for domestic financial sectors (blue), domestic nonfiancial sectors (red) and foreign sectors (green). |
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