Shulph Ink
Leveraged: The New Economics of Debt and Financial Fragility
Leveraged: The New Economics of Debt and Financial Fragility
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Excellent- More about Leveraged: The New Economics of Debt and Financial Fragility
The book "Leveraged: How Debt Shapes the Future of Finance" is an authoritative guide to the new economics of our crisis-filled century, published in collaboration with the Institute for New Economic Thinking. It explores the origins of financial instability in modern economies and offers a new canonical framework for understanding it, arguing that the roots of financial fragility run deeper than technical debates around banking regulation.
Format: Hardback
Length: 336 pages
Publication date: 13 December 2022
Publisher: The University of Chicago Press
The 2008 financial crisis was a pivotal moment that exposed the profound vulnerability of financial institutions to instability, leading to devastating consequences for societies and economies. COVID-19 marked a similar financial crisis at the beginning of 2020, necessitating massive interventions by central banks to prevent the collapse of the financial system. This raises the crucial question: why is our financial system so fragile and prone to frequent government support?
For a generation of economists who have gained prominence since 2008, these events have shaped their understanding of financial instability and financial markets. Leveraged brings together these influential voices to assess the lessons learned from financial fragility and propose a novel canonical framework for comprehending it. Their message is that the roots of financial instability in modern economies extend beyond technical debates surrounding banking regulation, countercyclical capital buffers, or living wills for financial institutions.
Leveraged offers a fundamentally different perspective on the relationship between financial institutions and societies, highlighting both the positive and negative aspects. The essays in this collection serve as a groundbreaking starting point for research in financial economics, providing a roadmap and research agenda for the future as we navigate the aftermath of a second financial crisis in this young century.
Dimension: 229 x 152 x 28 (mm)
ISBN-13: 9780226816937
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