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...

Szczegółowa specyfikacja

Opis bibliograficzny
1. autor: Ranciere, Romain
Kolejni autorzy: Kumhof, Michael
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 2010.
Seria:IMF Working Papers; Working Paper ; No. 2010/268
Dostęp online:Full text available on IMF

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