A recent study published by political scientists at Freie Universität Berlin, Christopher Olk and Louis Miebs, indicates that ...

“Shadow banking” now accounts for $250 trillion, or 49% of the world’s financial assets, according to the Financial Stability Board. Hedge funds manage 15 times as many assets combined as ...

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 ...

This paper examines the sizable role of rehypothecation in the shadow banking system. Rehypothecation is the practice that allows collateral posted by, say, a hedge fund to its prime broker to be used ...

Chinese financial elites are now worried because defaults are clouding the trust industry in China, which is also dubbed the shadow banking sector due to its opaque financial practices.