School of Economics | Is shadow banking a serious threat in emerging markets?

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11 Dec Is shadow banking a serious threat in emerging markets?

Posted at 00:25h in SOE by Admin 0 Comments

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C. P. Chandrasekhar and Jayati Ghosh December 4, 2018 Everyone seems to have woken up to the fact that global debt levels are too high and portent difficulties ahead. As Figure 1 indicates, the levels of credit to GDP, which were so high as to be...