1 option
The Great Leveraging / Alan M. Taylor.
- Format:
- Book
- Author/Creator:
- Taylor, Alan M.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w18290.
- NBER working paper series no. w18290
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2012.
- Summary:
- What can history tell us about the relationship between the banking system, financial crises, the global economy, and economic performance? Evidence shows that in the advanced economies we live in a world that is more financialized than ever before as measured by importance of credit in the economy. I term this long---run evolution "The Great Leveraging" and present a ten-point examination of its main contours and implications.
- Notes:
- Print version record
- August 2012.
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