The OECD recently published a paper called “Corporate Bond Markets in a Time of Unconventional Monetary Policy,” which showed that outstanding global corporate debt has surged over the past decade in both advanced and emerging economies alike. Total outstanding corporate debt increased by 70% from $5.97 trillion in 2008 to $10.17 trillion in 2018 in advanced economies, and has soared 395% to $2.78 trillion in emerging economies.Read More.