Shadow Banking: Australian and International Experience Around Times of Financial Stress and Regulatory Reform

In many countries the financial crisis has generated large shifts in financing from the ‘shadow banking system’ to the ‘regular banking system’. It has also brought about a wave of financial regulatory reforms that some contend could push financing activity back into the shadows. This paper provides some historical context for considering potential future developments … Continue reading Shadow Banking: Australian and International Experience Around Times of Financial Stress and Regulatory Reform