Inequality, Leverage and Crises /
The paper studies how high leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of the rich, a large increase in leverage for the remainder, and an eventual financial and...
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| Format: | Tidsskrift |
| Sprog: | English |
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Washington, D.C. :
International Monetary Fund,
2010.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2010/268 |
| Online adgang: | Full text available on IMF |