Solving the present crisis and managing the leverage cycle

Yale University professor John Geanakoplos discusses implications of “the leverage cycle”—a phenomenon in which leverage is excessive prior to a financial crisis and unacceptably low during the crisis—for regulatory policy and reform. Presented as the keynote address at "Central Bank Liquidity Tools and Perspectives on Regulatory Reform" a conference sponsored by the Federal Reserve Bank of New York, February 19-20, 2009.

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Year of publication:	2010
Authors:	Geanakoplos, John
Published in:	Economic Policy Review. - Federal Reserve Bank of New York. - 2010, Aug, v.16, no.1, p. 101-131
Publisher:	Federal Reserve Bank of New York
Subject:	Financial market regulatory reform \| Assets (Accounting) \| Investments \| Equilibrium (Economics) \| Financial crises \| Housing - Prices \| Swaps (Finance) \| Default (Finance) \| Uncertainty \| Federal Reserve System

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008461919