Economics, Econometrics and Finance
5 years ago

Shadow banks dominate global financial system, impacting credit accessibility worldwide.

India studies in business and economics
Non-banking Financial Intermediaries: International Experiences
R. Kannan, Kirubanandan Shanmugam, Saumitra N. Bhaduri

Paper Summary

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Non-bank financial institutions, also known as shadow banks, play a significant role in the global financial system, accounting for about one-fourth of all financial intermediaries.