Monday, October 17, 2011

The Fed on Shadow Banking


Did you know the phrase "shadow banking" originated with Paul McCulley (formerly of PIMCO)?

Graph #1: Shadow Bank vs. Traditional Bank Liabilities
Source: Federal Reserve Bank of St. Louis
From a pretty interesting article called Is Shadow Banking Really Banking? by Bryan J. Noeth and Rajdeep Sengupta of the St. Louis Fed.

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