Kalemli-Ozcan, Sebnem; Sorensen, Bent E.; Yesiltas, Sevcan - National Bureau of Economic Research (NBER) - 2011
We present new stylized facts on bank and firm leverage for 2000-2009 using extensive internationally comparable micro level data from several countries. The main result is that there was very little buildup in leverage for the average non-financial firm and commercial bank before the crisis,...