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|c 5.00 USD
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|z 9781475504712
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Bayoumi, Tamim.
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|a Leverage? :
|b What Leverage? A Deep Dive into the U.S. Flow of Funds in Search of Clues to the Global Crisis /
|c Tamim Bayoumi, Ashok Bhatia.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2012.
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|a 1 online resource (30 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper questions the view that leverage should have forewarned us of the global financial crisis of 2007-09, pointing to several gearing indicators that were neither useful portents of the onset of the crisis nor of its ferocity. Instead it shows, first, that the use of ill-suited collateral in the secured funding operations of U.S.-based investment banks was the fatal link between the collapse of structured finance and the global malfunction of funding markets that turbocharged the downdraft; and, second, that this insight (and others) can be decrypted from the Flow of Funds Accounts of the United States.
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|a Mode of access: Internet
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|a Bhatia, Ashok.
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|a IMF Working Papers; Working Paper ;
|v No. 2012/162
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2012/162/001.2012.issue-162-en.xml
|z IMF e-Library
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