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A look on the global financial crisis beyond banks’ balance sheets
journal contribution
posted on 2023-06-20, 14:16 authored by Nikolaos PapanikolaouNikolaos Papanikolaou, Christian WolffIn the years running up to the global crisis, the banking sector was marked by a high degree of leverage. Using US data, this column shows how, before the onset of the crisis, banks accumulated leverage both on and, especially, off their balance sheets. The latter activities saw an increase in maturity mismatch, raised the probability of bank runs, and increased both individual bank risk and systemic risk. These findings support the imposition of an explicit off-balance sheet leverage ratio in future regulatory frameworks.
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VOX: CEPR's Policy PortalPublisher
VOXDepartment affiliated with
- Business and Management Publications
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2016-11-21First Compliant Deposit (FCD) Date
2016-11-21Usage metrics
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