The leverage cycle default and foreclosure

dc.contributor.author	Geanakoplos, John
dc.date.accessioned	2019-11-01T00:06:07Z
dc.date.available	2019-11-01T00:06:07Z
dc.date.issued	2014
dc.identifier.isbn	978-956-7421-45-9
dc.identifier.uri	https://hdl.handle.net/20.500.12580/3805
dc.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.
dc.format	.pdf
dc.format.extent	Sección o Parte de un Documento
dc.format.medium	p. 161-213
dc.language.iso	eng
dc.publisher	Banco Central de Chile
dc.relation.ispartof	Series on Central Banking Analysis and Economic Policies no. 19
dc.rights	Attribution-NonCommercial-NoDerivs 3.0 Chile	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/cl/	*
dc.subject	PRÉSTAMOS HIPOTECARIOS	es_ES
dc.subject	TASAS DE INTERÉS	es_ES
dc.subject	CRISIS FINANCIERA	es_ES
dc.title	The leverage cycle default and foreclosure
dc.type.doc	Artículo
dc.file.name	BCCh-sbc-v19-p161_213

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