| Description |
1 online resource (30 pages) : color illustrations. |
| Physical Medium |
polychrome |
| Description |
text file |
| Series |
IMF working paper ; WP/12/162
|
|
IMF working paper ; WP/12/162.
|
| Note |
Title from PDF title page (IMF Web site, viewed Jun. 25, 2012). |
| Summary |
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. |
| Bibliography |
Includes bibliographical references. |
| Note |
"Strategy, Policy, and Review Department." |
|
"June 2012." |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Global Financial Crisis (2008-2009) |
|
Global Financial Crisis, 2008-2009.
|
|
Financial crises -- United States.
|
|
Financial crises. |
|
United States. |
|
Financial leverage -- United States.
|
|
Financial leverage. |
|
Securities -- United States.
|
|
Securities. |
|
Investment banking -- United States.
|
|
Investment banking. |
| Chronological Term |
2008-2009 |
| Genre/Form |
Electronic books.
|
| Added Author |
Bayoumi, Tamim A.
|
|
International Monetary Fund. Strategy, Policy, and Review Department.
|
| ISBN |
9781475545128 electronic book |
|
1475545126 electronic book |
|
