The Great Leveraging

What can history can 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:	2014
Authors:	Taylor, Alan M.
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Bankenkrise \| Banking crisis \| Finanzkapitalismus \| Financial capitalism \| Finanzsektor \| Financial sector \| Industrieländer \| Industrialized countries

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Extent:	1 Online-Ressource (52 p)
Series:	BIS Working Paper ; No. 398
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 2012 erstellt
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:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013064176