Regulatory reform has focused on banks and how much liquidity and capital they should hold, rather than on the evolution of the broader financial ecosystem that banks are only a part of. However, understanding this ecosystem is …. Pozsar, Zoltan and Paul McCulley (2012), “Does central bank independence frustrate the optimal fiscal–monetary policy mix in a liquidity trap”, Global Society of Fellows Working Paper 26
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Shadow Banking and the Global Financial Ecosystem « naked …
Shadow Banking and the Global Financial Ecosystem « naked ...
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