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008 181208 ||| eng
020 |a 9781484347034 
100 1 |a Singh, Manmohan 
245 0 0 |a Leverage—A Broader View  |c Manmohan Singh, Zohair Alam 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2018 
300 |a 28 pages 
651 4 |a United States 
653 |a Depository Institutions 
653 |a Credit 
653 |a Commercial banks 
653 |a Public Administration 
653 |a International Monetary Arrangements and Institutions 
653 |a Corporation and Securities Law 
653 |a Banks 
653 |a Finance 
653 |a Banks and banking 
653 |a Industries: Financial Services 
653 |a Financial statements 
653 |a Monetary economics 
653 |a Financial institutions 
653 |a Public finance accounting 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Micro Finance Institutions 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Mortgages 
653 |a Collateral 
653 |a Money 
653 |a Loans 
653 |a Accounting 
653 |a Banks and Banking 
653 |a Finance, Public; Accounting 
653 |a Public Sector Accounting and Audits 
653 |a Bank credit 
653 |a Public financial management (PFM) 
653 |a Banking 
653 |a Accounting standards 
653 |a Financial reporting, financial statements 
653 |a Money and Monetary Policy 
700 1 |a Alam, Zohair 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9781484347034.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/2018/062/001.2018.issue-062-en.xml?cid=45720-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a Traditional measures of leverage in the financial system tend to reflect bank balance sheet data. The paper argues that these traditional, bank-centric measures should be augmented by considering pledged collateral in the financial system since pledged collateral provides a measure of an important part of nonbank funding to banks. From a policy perspective, the paper suggests that a broader view on leverage will enhance our understanding of global systemic risk, and complement the theoretical work in this field by providing a link from micro-level leverage data to macro aggregates such as credit to the economy