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Leverage? What Leverage? A Deep Dive into the U.S. Flow of Funds in Search of Clues to the Global Crisis
Author/Editor: Ashok Vir Bhatia, Tamim Bayoumi.
Release Date: June, 2012Price: $18.00
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 more...