The Nonbank-Bank Nexus and the Shadow Banking System

The Nonbank-Bank Nexus and the Shadow Banking System
The present way of thinking about financial intermediation does not fully incorporate the rise of asset managers as a major source of funding for banks through the shadow banking system. Asset managers are dominant sources of demand for non-M2 types of money and serve as source collateral ?mines'' for the shadow banking system. Banks receive... READ MORE...

Publication date: December 2011
ISBN 9781463927233
$18.00

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