Shadow banking: Economics and policy priorities

Stijn Claessens, Zoltan Pozsar, Lev Ratnovski, Manmohan Singh 12 January 2013

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This column is a lead commentary in the VoxEU Debate "Banking reform: Do we know what has to be done?"

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Topics:  International finance

Tags:  securitisation, financial deregulation, shadow banking, collateral intermediation

The policy roots of finance

Giuseppe Bertola, Anna Lo Prete 20 May 2010

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Finance boomed for quite some time. And then it crashed. To understand what might happen as the world begins to emerge from the crisis, we need to try and understand where finance came from. At the global level, finance grew along with international economic integration at the turn of this century, as well as at the beginning of the 20th century.

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Topics:  Global economy International finance

Tags:  financial development, openness, financial deregulation