The leverage cycle default and foreclosure

At least since the time of Irving Fisher economists as well as the general public have regarded the interest rate as the most important variable in the economy. But in times of crisis collateral rates (margins or leverage equivalently) are far more important. Despite the cries of newspapers to lower...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autor principal:	Geanakoplos, John
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	PRÉSTAMOS HIPOTECARIOS TASAS DE INTERÉS CRISIS FINANCIERA
Acceso en línea:	https://hdl.handle.net/20.500.12580/3805
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai-20.500.12580-3805
record_format	dspace
spelling	oai-20.500.12580-38052021-04-24T11:08:12Z The leverage cycle default and foreclosure Geanakoplos, John PRÉSTAMOS HIPOTECARIOS TASAS DE INTERÉS CRISIS FINANCIERA At least since the time of Irving Fisher economists as well as the general public have regarded the interest rate as the most important variable in the economy. But in times of crisis collateral rates (margins or leverage equivalently) are far more important. Despite the cries of newspapers to lower the interest rates the Fed would sometimes do much better to attend to the economy-wide leverage and leave the interest rate alone. 2019-11-01T00:06:07Z 2019-11-01T00:06:07Z 2014 Artículo 978-956-7421-45-9 https://hdl.handle.net/20.500.12580/3805 eng Series on Central Banking Analysis and Economic Policies no. 19 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 161-213 application/pdf Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	PRÉSTAMOS HIPOTECARIOS TASAS DE INTERÉS CRISIS FINANCIERA
spellingShingle	PRÉSTAMOS HIPOTECARIOS TASAS DE INTERÉS CRISIS FINANCIERA Geanakoplos, John The leverage cycle default and foreclosure
description	At least since the time of Irving Fisher economists as well as the general public have regarded the interest rate as the most important variable in the economy. But in times of crisis collateral rates (margins or leverage equivalently) are far more important. Despite the cries of newspapers to lower the interest rates the Fed would sometimes do much better to attend to the economy-wide leverage and leave the interest rate alone.
format	Artículo
author	Geanakoplos, John
author_facet	Geanakoplos, John
author_sort	Geanakoplos, John
title	The leverage cycle default and foreclosure
title_short	The leverage cycle default and foreclosure
title_full	The leverage cycle default and foreclosure
title_fullStr	The leverage cycle default and foreclosure
title_full_unstemmed	The leverage cycle default and foreclosure
title_sort	leverage cycle default and foreclosure
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3805
work_keys_str_mv	AT geanakoplosjohn theleveragecycledefaultandforeclosure AT geanakoplosjohn leveragecycledefaultandforeclosure
_version_	1718346523018788864

The leverage cycle default and foreclosure

Ejemplares similares