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Financial intermediation and financial services industries have undergone many changes in the past two decades due to deregulation, globalization, and technological advances. The framework for regulating finance has seen many changes as well, with approaches adapting to new issues arising in...
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the financial crisis, regulatory reform efforts have aimed at strengthening the stability of the shadow banking system. We … review the implications of these reform efforts for shadow funding sources including asset-backed commercial paper, triparty …
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