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                                            ~AMERICAN
                                              EN TERP'RISE













         The Leverage Ratio Is Not the Problem


                                  Paul H. Kupiec
                            American  Enterprise Institute













                      AEI Economics   Working   Paper 2017-17
                                    August  2017







@ 2017 by the American Enterprise Institute. All rights reserved.

The American Enterprise Institute (AEI) is a nonpartisan, nonprofit, Soi(c) (3) educational organization and
does not take institutional positions on any issues. The views expressed here are those of the author(s).

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