01747cas a2200253 a 4500 AALejournalIMF011948 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475504712 1018-5941 BD-DhAAL BD-DhAAL Bayoumi, Tamim. Leverage? : What Leverage? A Deep Dive into the U.S. Flow of Funds in Search of Clues to the Global Crisis / Tamim Bayoumi, Ashok Bhatia. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper questions the view that leverage should have forewarned us of the global financial crisis of 2007-09, pointing to several gearing indicators that were neither useful portents of the onset of the crisis nor of its ferocity. Instead it shows, first, that the use of ill-suited collateral in the secured funding operations of U.S.-based investment banks was the fatal link between the collapse of structured finance and the global malfunction of funding markets that turbocharged the downdraft; and, second, that this insight (and others) can be decrypted from the Flow of Funds Accounts of the United States. Mode of access: Internet Bhatia, Ashok. IMF Working Papers; Working Paper ; No. 2012/162 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/162/001.2012.issue-162-en.xml IMF e-Library