Schleer, Frauke; Semmler, Willi - In: Jahrbücher für Nationalökonomie und Statistik 236 (2016) 6, pp. 609-638
Abstract: Overleveraging of the banking sector has been considered one of the main causes of the 2007–09 financial crisis and the subsequent great recession. It was also of major concern for the subsequent BIS regulatory policies resulting in Basel III and its request for higher capital...