web3/concepts/shadow-bank.md

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Shadow Bank

A shadow banking system refers to a network of unregulated financial intermediaries that facilitate the creation of credit across the global financial system outside of the normal banking system.

See also regulatory-arbitrage.

References

  1. Allen, Hilary J. 2022. DeFi: Shadow Banking 2.0? William & Mary Law Review, Forthcoming.
  • Steele, Graham. 2021. The Miner of Last Resort: Digital Currency, Shadow Money and the Role of the Central Bank. Technology and Government, Emerald Studies in Media and Communications, Forthcoming.
  • Gorton, Gary B., and Jeffery Zhang. 2021. Taming Wildcat Stablecoins. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3888752.
  • Malloy, Matthew, and David Lowe. 2021. Global Stablecoins: Monetary Policy Implementation Considerations from the U.S. Perspective. Finance and Economics Discussion Series 2021 (020): 114. https://doi.org/10.17016/feds.2021.020.
  • Pupolizio, Ivan. 2021. From Libra to Diem. The Pursuit of a Global Private Currency. Global Jurist. https://doi.org/10.1515/gj-2021-0055.