Show simple item record

dc.contributor.authorGeanakoplos, John
dc.date.accessioned2019-11-01T00:06:07Z
dc.date.available2019-11-01T00:06:07Z
dc.date.issued2014
dc.identifier.isbn978-956-7421-45-9
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3805
dc.descriptionAt 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.extentSección o Parte de un Documento
dc.format.mediump. 161-213
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking Analysis and Economic Policies no. 19
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectPRÉSTAMOS HIPOTECARIOSes_ES
dc.subjectTASAS DE INTERÉSes_ES
dc.subjectCRISIS FINANCIERAes_ES
dc.titleThe leverage cycle default and foreclosure
dc.type.docArtículo
dc.file.nameBCCh-sbc-v19-p161_213


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record

Attribution-NonCommercial-NoDerivs 3.0 Chile
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Chile