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[null,"1.","Record Nr.",null,"UNINA9910462258303321"]
[null,null,"Autore",null,"Bhatia Ashok Vir"]
[null,null,"Titolo",null,"Leverage? What leverage? [[electronic resource] ] : a deep dive into the U.S. flow of funds  in search of clues to the global crisis / / Ashok Vir Bhatia and Tamim Bayoumi"]
[null,null,"Pubbl/distr/stampa",null,"Washington, D.C., : International Monetary Fund, c2012"]
[null,null,"ISBN",null,"1-4755-1692-4"]
[{"$nulls":4},"1-4755-9760-6"]
[null,null,"Descrizione fisica",null,"1 online resource (31 p.)"]
[null,null,"Collana",null,"IMF working paper ; ; WP/12/162"]
[null,null,"Soggetti",null,"Financial crises"]
[{"$nulls":4},"Global Financial Crisis, 2008-2009"]
[{"$nulls":4},"Financial leverage"]
[{"$nulls":4},"Electronic books."]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","Description based upon print version of record."]
[null,null,null,"Nota di bibliografia","Includes bibliographical references."]
[null,null,"Nota di contenuto",null,"Cover; Contents; Glossary; Executive Summary; I. Introduction: Our Search for the Smoking Gun; Figures; 1. Leverage? What Leverage?; II. The Flow of Funds Accounts: From the Macro to the Financial; A. Nonfinancial Private Sector Net Worth: A Rational Gambit; 2. Was it Debtor Leverage?; B. Household Finances: Let the Good Times Roll; 3. Was it Households as Net Debtors?; C. Nonfinancial Business Finances: The Cash Cow; 4. Was it a Borrowing Spree by Firms?; D. Government Finances: Use that Firepower; 5. Was it Foreigners Buying U.S. Treasuries?"]
[{"$nulls":4},"E. Foreign Investors in the U.S. Credit Markets: Pay to Play 6. Was it Foreigners Buying Everything?; F. Gross and Net Credit Growth: Strong for Long; 7. Was it Credit Growth?; G. Financial Sector Size and \"\"Churning\"\" Activity: Inward We Look; 8. Was it Financial Sector Size?; H. Financial Sector Structure and \"\"Shadow Banking\"\": Brave New World; 9. Was it \"\"Shadow Banking\"\"?; I. Private-Label Securitization: Bankruptcy-Remote Indeed; 10. Was it the Bundling?; J. The Secured Wholesale Funding Chain: In Collateral We Trust; 11. Was it the Funding Model?"]
[{"$nulls":4},"III. Conclusion: Investment Banks as the Fulcrum 12. In Summary; References"]
[null,null,null,"Sommario/riassunto","This paper questions the view that leverage should have forewarned us "]
[{"$nulls":4},"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"]