The Leverage Cycle
| Year of publication: |
2010
|
|---|---|
| Authors: | Geanakoplos, John |
| Publisher: |
[S.l.] : SSRN |
| Subject: | Gleichgewichtstheorie | Equilibrium theory | Hypothek | Mortgage | Unvollkommener Markt | Incomplete market | Zins | Interest rate | Immobilienpreis | Real estate price | Kapitalstruktur | Capital structure | Wirtschaftskrise | Economic crisis |
| Description of contents: |
Equilibrium determines leverage, not just interest rates. Variations in leverage cause fluctuations in asset prices. This leverage cycle can be damaging to the economy, and should be regulated
|
freely available
| Extent: | 1 Online-Ressource (58 p) |
|---|---|
| Series: | Cowles Foundation Discussion Paper ; No. 1715R |
| Type of publication: | Book / Working Paper |
| Language: | English |
| Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 20, 2010 erstellt |
| Other identifiers: | 10.2139/ssrn.1539483 [DOI] |
| Classification: | E3 - Prices, Business Fluctuations, and Cycles ; E32 - Business Fluctuations; Cycles ; G01 - Financial Crises ; G12 - Asset Pricing |
| Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014198835