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The Global Financial Cycle After Lehman*

Miranda-Agrippino, S., Rey H.
Date Published: 2020
AEA Papers and Proceedings, 2020

The Gobal Financial Cycle denotes fluctuations in financial activity on a global scale (Rey, 2013). It is characterized by the comovements of risky asset prices, leverage of financial intermediaries, credit growth and gross capital flows around the world.

Miranda-Agrippino, S. and H. Rey, The Global Financial Cycle After Lehman, AEA Papers and Proceedings 2020

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*The Funding of the ERC (Advanced Grant 695722) is gratefully acknowledged.

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