Can you compute leverage of entire societies? For instance to compare risk of a developed society to a developing one? (both oil-based say)
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A nation's available credit is a market-based aggregate of all the granular details of a nation's leverage, including perceived risk.
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And what ratio would you use to measure leverage? Debt:GDP?
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Maybe "available credit" - "debt" + "GDP" with each of those 3 having a balancing modifier, credit with the highest weight.
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