자료 1: http://www.prosper.org.au/2014/10/15/australias-addiction-to-private-debt/
There is an important difference between consolidated and unconsolidated debts. Consolidated debt reports debt that is netted out within the sector, and only records the debts owed to other sectors, whereas unconsolidated debt is the actual debt a sector owes, irrespective of to whom. Unconsolidated debts are typically larger than consolidated debts. Caution must be taken when using measures of consolidated debt as it assumes intra-sector solvency; an assumption the GFC revealed to be precarious.
Consolidated debts disguise the risk of intra-sector debts that can metastasise and threaten financial stability. In 2013, ( ... ... )