Format:
1 Online-Ressource (circa 29 Seiten)
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ISBN:
9781484347034
Series Statement:
IMF working paper WP/18, 62
Content:
Traditional measures of leverage in the financial system tend to reflect bank balance sheet data. The paper argues that these traditional, bank-centric measures should be augmented by considering pledged collateral in the financial system since pledged collateral provides a measure of an important part of nonbank funding to banks. From a policy perspective, the paper suggests that a broader view on leverage will enhance our understanding of global systemic risk, and complement the theoretical work in this field by providing a link from micro-level leverage data to macro aggregates such as credit to the economy
Language:
English
Keywords:
Graue Literatur
DOI:
10.5089/9781484347034.001
URL:
Volltext
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URL:
Volltext
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Author information:
Kumar, Manmohan S.
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