Fed Paper On Shadow Banking

Posted in Economics, Financial Markets at 7:40 am

The NY Fed has a new staff paper entitled, “Shadow Banking” available.

Shadow Banking – NY Fed

This is a phenomenal read that documents the rise of the shadow banking system in minute detail.

Note that what has been published is just Part 1 (~70 pages) of what will ultimately be a 4 part paper (~230 pages).  Essentially, this is the executive summary of the paper, though it is quite detailed for such.

I anxiously await the publication of the remaining parts.

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