## figure1-6

## Source details

**Canonical URL:** [figure1-6](https://www.imf.org/-/media/files/publications/gfsr/2018/oct/ch1/pdf/figure1-6.pdf)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2018/oct/ch1/pdf/figure1-6.pdf.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2018/oct/ch1/pdf/figure1-6.pdf.json)

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### Panel 1 — Total Nonfinancial Sector Debt
- Title: "Total Nonfinancial Sector Debt"
- Units shown: "Trillions of U.S. dollars; percent of GDP"
- Finding: "Total nonfinancial sector debt has continued to swell since the global financial crisis."
- Aggregate scope: "In panels 1, 2, 5, and 6, aggregates refer to 29 jurisdictions with systemically important financial sectors."
- Axes ticks and labels preserved as presented: "0 100 20 40 60 80 20000102030405060708091011121314151617" and "0 20 40 60 80 100 120 140 160 180 Trillions of U.S. dollars 180 190 200 210 220 230 240 250 Percent of GDP 199820000204060810121416"

### Panel 2 — Households: Debt to GDP by Region
- Title: "Households: Debt to GDP by Region"
- Units shown: "Percent"
- Finding: "Household debt to GDP remains on an upward trajectory in a number of countries."
- Axis ticks and labels preserved as presented: "199820000204060810121416" and "0 10 20 30 40 50 60 70 80 2005060708091011121314151617182000020406081012141618"

### Panel 3 — U.S. and European Leveraged Loan Issuance by Leverage Multiple
- Title: "U.S. and European Leveraged Loan Issuance by Leverage Multiple"
- Units shown: "(Percent of issuance)"
- Finding: "Highly leveraged loan deals have grown as a share of new corporate issuance in the United States and Europe."
- Leverage multiple definition: "Leverage multiple is defined as the ratio of total debt-to-earnings before interest, taxes, depreciation, and amortization after the issuance of the loan."
- Category annotations preserved: "Europe, multiple of 6 or more; Europe, multiple of 5.00 to 5.99; United States, multiple of 5.00 to 5.99; United States, multiple of 6 or more"

### Panel 4 — Quality Breakdown of Investment-Grade Index
- Title: "Quality Breakdown of Investment-Grade Index"
- Units shown: "(Percent of index with BBB ratings)"
- Finding: "… accompanied by broad-based growth in riskier borrowing."
- Category annotations preserved: "United StatesEuro area ChinaOther AE EM excluding China Emerging market economies (left scale) Total (right scale) Advanced economies (left scale)"

### Panel 5 — Banking System Capital Ratios by Region
- Title: "Banking System Capital Ratios by Region"
- Units shown: "(Percent)"
- Finding: "Capital positions of banks in advanced economies have improved, but are less robust in some emerging market economies ..."
- Capital measures displayed: "Tier 1 ratio; Capital to assets; Tier 1 ratio; Capital to assets"
- Axis ticks and labels preserved as presented: "0 20 40 60 0 2 4 6 8 10 12 14 16 18 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5"
- Aggregate scope reiteration: "In panels 1, 2, 5, and 6, aggregates refer to 29 jurisdictions with systemically important financial sectors."

### Panel 6 — Banks’ Gross Nonperforming Loans by Region
- Title: "Banks’ Gross Nonperforming Loans by Region"
- Units shown: "(Percent)"
- Finding: "... where weak underwriting standards have led to rising nonperforming loans."
- Regions referenced: "Advanced economies; Emerging market economies; United States; Euro area"
- Axis ticks and labels preserved as presented: "20060708091011121314151617" and "2000020406081012141618"

### Sources and notes (extracted text)
- "Sources: Bloomberg Finance L.P.; Haver Analytics; IMF, Global Debt Database (2018) preliminary esimates; S&P Leveraged Commentary and Data; and IMF staff calculations."
- Note: "AE = advanced economy; EM = emerging market."

*Source: figure1-6*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2018/oct/ch1/pdf/figure1-6.pdf_