The great leveraging

What can history can 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.

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Year of publication:	2012-12
Authors:	Taylor, Alan M.
Institutions:	Bank for International Settlements (BIS)
Subject:	financial development \| credit \| booms \| crises \| recessions \| global imbalances \| Great Recession \| fiscal policy

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Extent:	application/pdf text/html
Series:	BIS Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 398 52 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010598582