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5 Cards in this Set
- Front
- Back
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Shadow banking is the functions of a bank performed outside the regulated banking sector. It will be a significant part of the financial system for the foreseeable future.
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Pozsar (2012)
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haircuts on collateral in the repo market were the nexus of the financial crisis
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Gorton and Metrick (2013)
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derivatives and similar financial activity are subsidized via bankruptcy benefits unavailable to other creditors
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Roe (2011)
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a capital cushion should be introduced for MMF
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Gordon (2011)
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shadow banking is "money market funding of capital market lending"
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Mehrling et al (2013)
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