Inequality, Leverage and Crises

Inequality, Leverage and Crises
The paper studies how high leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of the rich, a large increase in leverage for the remainder, and an eventual financial and real crisis. The paper presents a theoretical... READ MORE...

Publication date: November 2010
ISBN 9781455210756
$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: November 2010

PDF

Publication date: November 2010

ePub

Publication date: November 2010

Mobi

Publication date: November 2010

English