Shadow banking and the crisis of 2007-08
Abstract: In recent decades, institutions that function much like traditional banks have grown outside regulatory oversight. Yet, as Daniel Sanches explains, these so-called shadow banks are as vulnerable to runs as regular banks. Because banking crises can inflict lasting economic harm, economists are interested in tracing how the panic ensued in the shadow system.
File format is application/pdf
Description: Full text
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Business Review
Publication Date: 2014