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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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.]
International Monetary Fund
©2012
|
| Series: | IMF working paper
WP/12/162 |
| Subjects: | |
| Online Access: | FAW01 FAW02 FLA01 |
| Item Description: | 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 |
| Physical Description: | 30 pages |
| ISBN: | 9781475545128 1475545126 |
Staff View
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| 500 | |a 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 | ||
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| spelling | Bhatia, A. Verfasser aut Leverage? What leverage? a deep dive into the U.S. flow of funds in search of clues to the global crisis prepared by Ashok Vir Bhatia and Tamim Bayoumi [Washington, D.C.] International Monetary Fund ©2012 30 pages txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/12/162 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 Global Financial Crisis (2008-2009) fast 2008-2009 fast Financial crises fast Financial leverage fast Investment banking fast Securities fast BUSINESS & ECONOMICS / Finance bisacsh Wirtschaft Global Financial Crisis, 2008-2009 Financial crises United States Financial leverage United States Securities United States Investment banking United States USA Bayoumi, Tamim A. Sonstige oth International Monetary Fund Sonstige oth |
| spellingShingle | Bhatia, A. Leverage? What leverage? a deep dive into the U.S. flow of funds in search of clues to the global crisis Global Financial Crisis (2008-2009) fast Financial crises fast Financial leverage fast Investment banking fast Securities fast BUSINESS & ECONOMICS / Finance bisacsh Wirtschaft Global Financial Crisis, 2008-2009 Financial crises United States Financial leverage United States Securities United States Investment banking United States |
| title | Leverage? What leverage? a deep dive into the U.S. flow of funds in search of clues to the global crisis |
| title_auth | Leverage? What leverage? a deep dive into the U.S. flow of funds in search of clues to the global crisis |
| title_exact_search | Leverage? What leverage? a deep dive into the U.S. flow of funds in search of clues to the global crisis |
| title_full | Leverage? What leverage? a deep dive into the U.S. flow of funds in search of clues to the global crisis prepared by Ashok Vir Bhatia and Tamim Bayoumi |
| title_fullStr | Leverage? What leverage? a deep dive into the U.S. flow of funds in search of clues to the global crisis prepared by Ashok Vir Bhatia and Tamim Bayoumi |
| title_full_unstemmed | Leverage? What leverage? a deep dive into the U.S. flow of funds in search of clues to the global crisis prepared by Ashok Vir Bhatia and Tamim Bayoumi |
| title_short | Leverage? What leverage? |
| title_sort | leverage what leverage a deep dive into the u s flow of funds in search of clues to the global crisis |
| title_sub | a deep dive into the U.S. flow of funds in search of clues to the global crisis |
| topic | Global Financial Crisis (2008-2009) fast Financial crises fast Financial leverage fast Investment banking fast Securities fast BUSINESS & ECONOMICS / Finance bisacsh Wirtschaft Global Financial Crisis, 2008-2009 Financial crises United States Financial leverage United States Securities United States Investment banking United States |
| topic_facet | Global Financial Crisis (2008-2009) Financial crises Financial leverage Investment banking Securities BUSINESS & ECONOMICS / Finance Wirtschaft Global Financial Crisis, 2008-2009 Financial crises United States Financial leverage United States Securities United States Investment banking United States USA |
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