Daniela Gabor on Financial Globalization, Capital Controls, and the Critical Macrofinance Framework
Macro Musings with David Beckworth
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Is the Fet Back Stopping Shadow Money?
During two thousand eight, a broad measure of money contracted reflecting the run on shadow banking. Now come to the present crisis, and what do we see? We actually see this series exploitts growing really fast. And my first take on this was that it's due to the fact that the federal preserve is now back stopping shadow money. But maybe i'm wrong. Maybe there's some other story going on here.
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