| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 963407 | Journal of International Financial Markets, Institutions and Money | 2013 | 17 Pages |
Abstract
⺠We illustrate leverage procyclicality among financial institutions in 49 countries. ⺠We find strong evidence for a link between leverage growth and assets growth. ⺠Wholesale funding generally decreases the level of leverage, especially in risk averse cultures. ⺠Wholesale funding interacts with assets growth to increase procyclicality in advanced economies.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Michaël Dewally, Yingying Shao,