In a market-based financial system, banking and capital market developments are inseparable, and funding conditions are … closely tied to fluctuations in the leverage of market-based financial intermediaries. Offering a window on liquidity, the … sheet quantities of market-based financial intermediaries are important macroeconomic state variables for the conduct of …

The current financial crisis has highlighted the growing importance of the “shadow banking system,” which grew out of … pronounced in the United States, but it has had a profound influence on the global financial system. In a market-based financial … leverage of market-based financial intermediaries. Growth in the balance sheets of these intermediaries provides a sense of the …

provide liquidity to the financial system. This paper documents aspects of the financial crisis relevant to the creation of … resort facilities in a market based financial system. -- Federal Reserve ; lender of last resort …

The financial crisis of 2007-09 highlighted the changing role of financial institutions and the growing importance of … financial system as a whole. In a market-based financial system, banking and capital market developments are inseparable, and … funding conditions are tied closely to fluctuations in the leverage of market-based financial intermediaries. Balance …