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Basically, shadow banking is an original kind of business organization, or better a set of institutions and markets, finalized to disinvest fixed assets and convey them to the financial markets. Nowadays, tackling the subject means penetrating the hard core of financialization. Shadow banking...
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is the wholesale money market, with the central bank providing a liquidity backstop. We characterize shadow banking as …-based credit system, the role of the central bank in such a system, and the global character of US dollar funding markets …
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