In this paper, we develop an alternative approach to estimate the size of the shadow banking system, using official data reported to the IMF complemented by oth

In this paper, we develop an alternative approach to estimate the size of the shadow banking system, using official data reported to the IMF complemented by oth

We present a model in which shadow banking arises endogenously and undermines market discipline on traditional banks. Depositors' ability to re-optimize in resp

There is much confusion about what shadow banking is. Some equate it with securitization, others with non-traditional bank activities, and yet others with non-b

Explores the Origin of the Recent Banking Crisis and how to Preclude Future CrisesShedding new light on the recent worldwide banking debacle, The Banking Crisis