A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2019; you can also visit the original URL.
The file type is application/pdf.
The Bonsai and the Gardener: Using Flow Data to Better Assess Financial Sector Leverage
2013
Social Science Research Network
Preserved Fulltext
This paper explains the concept of financial leverage and the risks stemming from excessive leverage. It proposes to supplement the traditional measure of leverage with a marginal leverage ratio, which would allow for a better grasp of potential risks.
doi:10.2139/ssrn.2744245
fatcat:qjcmdferr5ctvlnlxwnkocjgce