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Economic Policy Review special issue The Evolution of Banks and Financial Intermediation

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Economic Policy Review – special issue – The Evolution of Banks and Financial Intermediation, Federal Reserve Bank of New York

  • “Have banks been eclipsed by “shadow banks”? This special issue of seven articles by the Research and Statistics Group, along with a series of Liberty Street Economics blog posts, examines the transformation of the financial system with the rise of securitized lending. While many specialized markets and nonbank institutions have emerged, banks remain critical players, suggesting a system more open to regulatory scrutiny than many observers have thought.”
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