This paper cites statistics published by the World Economic Forum and concludes that there is no infrastructure crisis … infrastructure, which places it firmly in the top 8 percent in terms of infrastructure development. Thus, it is not reasonable to … argue or conclude that there is an infrastructure crisis …

, which enables increased leverage and investment. In the absence of frictions in the securitization process, we show that the … be constrained inefficient due to the existence of a pecuniary externality that can result in over or under-investment …. We examine policies to correct over-investment and find that a leverage ratio restriction generates a Pareto improvement …