Deleveraging skips South Korea, where household debt has grown to 164% of disposable income -...

|By:, SA News Editor

Deleveraging skips South Korea, where household debt has grown to 164% of disposable income - far higher than the U.S. pre-2007. The banks seem well-capitalized enough to not worry about systemic risk, but how do policymakers stimulate demand for the slowing economy without stoking further debt growth?