Detecting early signs of financial instability

Scott Brave and R. Andrew Butters

Chicago Fed Letter, 2012, issue Dec, No 305

Abstract: The authors analyze the usefulness of a new measure of nonfinancial leverage as an early warning indicator for financial instability and its consequences for economic growth.

Keywords: Recessions; Financial crises; Financial stability (search for similar items in EconPapers)
Date: 2012
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