Zoltan Pozsar and Perry Mehrling On The Historic Crisis Of Financial Market Plumbing
Odd Lots
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Navigating Financial Tools: The Fed's Role in Shadow Banking Dynamics
This chapter explores the Federal Reserve's tools for managing shadow banking complexities, specifically in money market mutual funds and the repo market. It highlights the necessity for system calibration and discusses the potential for central banks to lend directly to end users, circumventing traditional banking intermediaries.
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