 | The Nonbank-Bank Nexus and the Shadow Banking System Author/Editor: Manmohan Singh, Zoltan Pozsar. Release Date:December, 2011 The present way of thinking about financial intermediation does not fully incorporate the rise of asset managers as a major source of funding for banks through the shadow banking system. Asset more...
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| Institutional Cash Pools and the Triffin Dilemma of the U.S. Banking System Author/Editor: Zoltan Pozsar. Release Date:August, 2011 Through the profiling of institutional cash pools, this paper explains the rise of the shadow banking system from a demand-side perspective. Explaining the rise of shadow banking from this angle more...
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