We’ve all heard about the shadow banking system in recent years, but do you really understand what it is? Don’t worry, it’s really not as dark and mysterious as some people make it sound and it’s really not as complex as it sounds, but it’s very important to understand given its size and scope. So I’ve gone ahead and compiled a list of good papers that explain the basics of the shadow banking system and why it matter.
Here are some basic primers on shadow banking for future reference. I hope you find it helpful and please feel free to add more resources in the comments:
- Shadow Banking – NY Fed
- Is Shadow Banking Really Banking? – St Louis Fed
- Shedding Light on Banking’s Shadows – Deloitte
- Understanding the Risks Inherent in Shadow Banking – Dallas Fed
- Shadow Banking Regulation – NY Fed
Understanding Shadow Banking:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.