## Figure 2.8. The Riskiness of Credit Allocation Rises to a High Level Before a Financial Crisis, and Falls to a Low Level Thereafter

## Source details

**Canonical URL:** [Figure 2.8. The Riskiness of Credit Allocation Rises to a High Level Before a Financial Crisis, and Falls to a Low Level Thereafter](https://www.imf.org/-/media/files/publications/gfsr/2018/april/chapter-2/csv/figure28.csv)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2018/april/chapter-2/csv/figure28.csv.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2018/april/chapter-2/csv/figure28.csv.json)

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### Dataset description
- Worksheet name: csv
- Row count: 15
- Column count: 9
- Subtitle/notes: (Index; median across all crisis episodes; 11-year window)

### Column headings (exact)
- Leverage-based
-  ICR-based
- Debt Overhang-based
- EDF-based
- Median Leverage
- Median ICR
- Median Debt Overhang
- Median EDF

### Observations by relative year (rows show all numeric values exactly as in the dataset)
- -5:
  - Leverage-based: -0.474126935
  - ICR-based: -0.096293382
  - Debt Overhang-based: -0.045961827
  - EDF-based: -0.407850832
  - Median Leverage: -0.002065934
  - Median ICR: 1.139636159
  - Median Debt Overhang: 0.024852656
  - Median EDF: -0.269113094
- -4:
  - Leverage-based: -0.167103916
  - ICR-based: -0.091031194
  - Debt Overhang-based: -0.213099599
  - EDF-based: -0.271703005
  - Median Leverage: -0.010112921
  - Median ICR: -0.203340411
  - Median Debt Overhang: -0.030415036
  - Median EDF: -0.562929332
- -3:
  - Leverage-based: 0.354636222
  - ICR-based: 0.313799083
  - Debt Overhang-based: 0.565134466
  - EDF-based: 0.697540402
  - Median Leverage: -0.006150143
  - Median ICR: -0.754255354
  - Median Debt Overhang: -0.018731907
  - Median EDF: -0.612490416
- -2:
  - Leverage-based: 0.60685277
  - ICR-based: 0.350089639
  - Debt Overhang-based: 0.666097283
  - EDF-based: 0.670180023
  - Median Leverage: -0.004453087
  - Median ICR: -0.718425989
  - Median Debt Overhang: -0.017114237
  - Median EDF: -0.593695462
- -1:
  - Leverage-based: 0.667650461
  - ICR-based: 0.497030735
  - Debt Overhang-based: 0.630373955
  - EDF-based: 0.818607628
  - Median Leverage: 0.00540463
  - Median ICR: 0.263313472
  - Median Debt Overhang: 0.001398969
  - Median EDF: -0.612569749
- 0:
  - Leverage-based: 0.780875564
  - ICR-based: 0.23896417
  - Debt Overhang-based: 0.026000887
  - EDF-based: 0.540042043
  - Median Leverage: 0.03502728
  - Median ICR: 2.129351854
  - Median Debt Overhang: 0.109297886
  - Median EDF: 2.996934414
- 1:
  - Leverage-based: -0.25605768
  - ICR-based: 0.142777324
  - Debt Overhang-based: -0.355308771
  - EDF-based: 0.14457038
  - Median Leverage: 0.037304129
  - Median ICR: 2.509846449
  - Median Debt Overhang: 0.151565239
  - Median EDF: 5.603449345

*Dataset: figure28.csv*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2018/april/chapter-2/csv/figure28.csv_