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- W3140168137 abstract "The paper proposes several facts in support of the evidence that French banks actively manage their leverage. Impulse responses estimated from multivariate models allow assessing which balance sheet claims are used by banks to fine-tune their leverage. It is found that leverage adjustments are primarily attained through changes in domestic and foreign credit. The dynamic pattern of leverage is less affected by shocks to securities holdings, implying that the amplifying mechanism on the real economy that occurs via leverage adjustment is expected to work directly via bank credit rather than via asset markets." @default.
- W3140168137 created "2021-04-13" @default.
- W3140168137 creator A5074474510 @default.
- W3140168137 date "2013-01-01" @default.
- W3140168137 modified "2023-09-27" @default.
- W3140168137 title "Pro-Cyclical Banking Leverage in France: On its Existence and Management" @default.
- W3140168137 hasPublicationYear "2013" @default.
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