Demirgüç-Kunt, Asli (contributor); … - 2009
defaulted on
these loans much more than other business borrowers.
Given the extent to which lending policies are politicized … represents very real changes to the way it
does business, perhaps even in the business it does. The happy result for the … countercyclical capital requirements, introducing a
leverage ratio that would move inversely to the business cycle.
20
See …