The Great Leveraging

What can history tell us about the relationship between the banking system, financial crises, the global economy, and economic performance? Evidence shows that in the advanced economies we live in a world that is more financialized than ever before as measured by importance of credit in the economy. I term this long---run evolution "The Great Leveraging" and present a ten‐point examination of its main contours and implications.

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Year of publication:	2012-08
Authors:	Taylor, Alan M.
Institutions:	National Bureau of Economic Research (NBER)

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Extent:	application/pdf
Series:	NBER Working Papers.
Type of publication:	Book / Working Paper
Notes:	DAE IFM ME The price is Paper copy available by mail Number 18290
Classification:	E3 - Prices, Business Fluctuations, and Cycles ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit ; E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook ; N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations ; N2 - Financial Markets and Institutions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010969386