Taylor, Alan M. - In: The Social Value of the Financial Sector:Too Big to …
AbstractThe following sections are included:The Great Leveraging: Five Facts and Five Lessons for PolicymakersFact 1. Crises: Almost Forgotten, Now They’re BackFact 2. Consequences: Crises are Depressing and DeflationaryFact 3. Extreme Leverage: Size of the Banking Sector Is UnprecedentedFact...