Kalemli-Ozcan, Sebnem; Sorensen, Bent; Yesiltas, Sevcan - In: Journal of International Economics 88 (2012) 2, pp. 284-298
We present new stylized facts on bank and firm leverage during the period 2000–2009 using internationally comparable micro level data from many countries. We document the following patterns: a) there was an increase in leverage for investment banks prior to the sub-prime crisis; b) there was...