Inequality, Leverage and Crises : The Case of Endogenous Default /
The paper studies how high household 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 high-income households, a large increase in debt leverage of the remainder, an...
| প্রধান লেখক: | |
|---|---|
| অন্যান্য লেখক: | , |
| বিন্যাস: | পত্রিকা |
| ভাষা: | English |
| প্রকাশিত: |
Washington, D.C. :
International Monetary Fund,
2013.
|
| মালা: | IMF Working Papers; Working Paper ;
No. 2013/249 |
| অনলাইন ব্যবহার করুন: | Full text available on IMF |