Manmohan Singh’s latest, “Leverage – A Broader View,” shows that build up in the banking system from off-balance sheet trades is huge

Manmohan Singh and Zohair Alam of the IMF have written an important white paper “Leverage—A Broader View” (March 19 2018, IMF Working Paper WP/18/62) that looks at off-balance sheet leverage. We’ve covered Manmohan Singh’s work for years with good reason – he is often a leading thinker on leverage and collateral matters. This time is no exception.
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