Solving the Present Crisis and Managing the Leverage Cycle

31 Pages Posted: 17 Sep 2010

See all articles by John Geanakoplos

John Geanakoplos

Yale University; Santa Fe Institute

Multiple version iconThere are 2 versions of this paper

Date Written: February 1, 2009

Abstract

A paper presented at the Federal Reserve Bank of New York conference on Central Bank Liquidity Tools, February 19-20, 2009.

Keywords: Leverage, Collateral, Margins, Leverage Cycles, Externality, Principal

JEL Classification: G0, E0

Suggested Citation

Geanakoplos, John D, Solving the Present Crisis and Managing the Leverage Cycle (February 1, 2009). Economic Policy Review, Vol. 16, No. 1, p. 101, August 2010, Available at SSRN: https://ssrn.com/abstract=1678171 or http://dx.doi.org/10.2139/ssrn.1678171

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