Rose, Andrew K.; Spiegel, Mark M. - Federal Reserve Bank of San Francisco - 2009
This paper models the causes of the 2008 financial crisis together with its manifestations, using a Multiple Indicator … FRB San Francisco
University of California 101 Market St.
Berkeley, CA USA 94720-1900 San Francisco CA 94105
Tel … domestic credit, both for investment and
consumption, and the leverage of firms and households exploded. With the abrupt …