Leverage? What leverage?: a deep dive into the U.S. flow of funds in search of clues to the global crisis
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Bibliographische Detailangaben
1. Verfasser: Bhatia, A. (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] International Monetary Fund ©2012
Schriftenreihe:IMF working paper WP/12/162
Schlagworte:
Online-Zugang:FAW01
FAW02
FLA01
Beschreibung:Title from PDF title page (IMF Web site, viewed Jun. 25, 2012). - "Strategy, Policy, and Review Department.". - "June 2012."
This paper questions the view that leverage should have forewarned us of the global financial crisis of 2007-09, pointing to several gearing indicators that were neither useful portents of the onset of the crisis nor of its ferocity. Instead it shows, first, that the use of ill-suited collateral in the secured funding operations of U.S.-based investment banks was the fatal link between the collapse of structured finance and the global malfunction of funding markets that turbocharged the downdraft; and, second, that this insight (and others) can be decrypted from the Flow of Funds Accounts of the United States
Includes bibliographical references
Beschreibung:30 pages
ISBN:9781475545128
1475545126

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