| LDR | | 02911cam 2200577Ii 4500 |
| 001 | | 000000387201 |
| 005 | | 20180411153026 |
| 006 | | m o d |
| 007 | | cr ||||||||||| |
| 008 | | 141220s2012 xx a ob 000 0 eng d |
| 019 | |
▼a 800145708
▼a 802660132 |
| 020 | |
▼a 1475585152
▼q (electronic bk.) |
| 020 | |
▼a 9781475585155
▼q (electronic bk.) |
| 029 | 1 |
▼a AU@
▼b 000049644217 |
| 035 | |
▼a (OCoLC)903698871
▼z (OCoLC)800145708
▼z (OCoLC)802660132 |
| 040 | |
▼a YDXCP
▼b eng
▼e pn
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▼d OCLCQ
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▼d 247004 |
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▼a HG4521 |
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▼a BUS
▼x 027000
▼2 bisacsh |
| 082 | 04 |
▼a 332.6
▼2 23 |
| 100 | 1 |
▼a Singh, Manmohan,
▼d 1964-
▼e author. |
| 245 | 14 |
▼a The (Other) deleveraging/
▼c Manmohan Singh. |
| 260 | |
▼a [Place of publication not identified]:
▼b International Monetary Fund,
▼c 2012. |
| 300 | |
▼a 1 online resource:
▼b illustrations. |
| 336 | |
▼a text
▼b txt
▼2 rdacontent |
| 337 | |
▼a computer
▼b c
▼2 rdamedia |
| 338 | |
▼a online resource
▼b cr
▼2 rdacarrier |
| 490 | 1 |
▼a IMF working paper;
▼v WP/12/179 |
| 504 | |
▼a Includes bibliographical references. |
| 520 | |
▼a Deleveraging has two components--shrinking of balance sheets due to increased haircuts/shedding of assets, and the reduction in the interconnectedness of the financial system. We focus on the second aspect and show that post-Lehman there has been a significant decline in the interconnectedness in the pledged collateral market between banks and nonbanks. We find that both the collateral and its associated velocity are not rebounding as of end-2011 and still about $4-5 trillion lower than the peak of $10 trillion as of end-2007. This paper updates Singh (2011) and we use this data to compare with the monetary aggregates (largely due to QE efforts in US, Euro area and UK), and discuss the overall financial lubrication that likely impacts the conduct of global monetary policy. |
| 590 | |
▼a eBooks on EBSCOhost
▼b All EBSCO eBooks |
| 650 | 0 |
▼a Financial leverage. |
| 650 | 0 |
▼a Hedge funds. |
| 650 | 0 |
▼a Securities. |
| 650 | 0 |
▼a Monetary policy. |
| 650 | 7 |
▼a BUSINESS & ECONOMICS
▼x Finance.
▼2 bisacsh |
| 650 | 7 |
▼a Financial leverage.
▼2 fast
▼0 (OCoLC)fst00924716 |
| 650 | 7 |
▼a Hedge funds.
▼2 fast
▼0 (OCoLC)fst00954442 |
| 650 | 7 |
▼a Monetary policy.
▼2 fast
▼0 (OCoLC)fst01025230 |
| 650 | 7 |
▼a Securities.
▼2 fast
▼0 (OCoLC)fst01110743 |
| 655 | 4 |
▼a Electronic books. |
| 710 | 2 |
▼a International Monetary Fund.
▼b Research Department. |
| 830 | 0 |
▼a IMF working paper ;
▼v WP/12/179. |
| 856 | 40 |
▼u http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568199 |
| 938 | |
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▼n EBL1606840 |
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▼a EBSCOhost
▼b EBSC
▼n 568199 |
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▼a YBP Library Services
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▼n 10691592 |
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▼n 9927201 |
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▼a 92
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