Abstract

http://ssrn.com/abstract=2371745
 


 



Leverage, Systemic Risk and Financial System Health: How Do We Develop a Healthy Financial System?


Anjan V. Thakor


Washington University, Saint Louis - John M. Olin School of Business; European Corporate Governance Institute (ECGI)

January 12, 2014

Financial System, Markets and Institutional Changes ( eds: Ted Linblom, Stefan Sjogren, and Magnus Willesson), Palgrave McMillan, Forthcoming

Abstract:     
This paper briefly discusses the causes of the 2007-09 financial crisis and the extent to which the systemic risk that buffeted this crisis was linked to excessive leverage. It then focuses on what is needed for a healthy financial system that has a relatively low probability of a systemic financial crisis, and the steps that will need to be taken to get there.

Number of Pages in PDF File: 15

Keywords: financial crises, leverage, systemic risk, healthy financial system

JEL Classification: G21, G28

Accepted Paper Series





Download This Paper

Date posted: December 26, 2013 ; Last revised: January 12, 2014

Suggested Citation

Thakor, Anjan V., Leverage, Systemic Risk and Financial System Health: How Do We Develop a Healthy Financial System? (January 12, 2014). Financial System, Markets and Institutional Changes ( eds: Ted Linblom, Stefan Sjogren, and Magnus Willesson), Palgrave McMillan, Forthcoming. Available at SSRN: http://ssrn.com/abstract=2371745 or http://dx.doi.org/10.2139/ssrn.2371745

Contact Information

Anjan V. Thakor (Contact Author)
Washington University, Saint Louis - John M. Olin School of Business ( email )
One Brookings Drive
Campus Box 1133
St. Louis, MO 63130-4899
United States
European Corporate Governance Institute (ECGI) ( email )
c/o ECARES ULB CP 114
B-1050 Brussels
Belgium
Feedback to SSRN


Paper statistics
Abstract Views: 184
Downloads: 71
Download Rank: 201,735

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo8 in 0.250 seconds