Overinvestment, leverage and financial system liquidity: A challenging approach
نویسندگان
چکیده
منابع مشابه
Leverage and the Financial Accelerator in a Liquidity Trap
The recent recession in the US saw an unusually large and persistent decline in output, low inflation and deflation, significant house price declines, and short term interest rates near zero. Much discussion of this episode has centered around financial markets and the high leverage positions at the onset of the recession. In this paper, we analyze the role of leverage in determining the proper...
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ژورنال
عنوان ژورنال: BRQ Business Research Quarterly
سال: 2019
ISSN: 2340-9436
DOI: 10.1016/j.brq.2018.08.001