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Gorton on Shadow Banking Insights by Hossein Kazemi is a document available to read on EtoBox.

Gary Gorton provides historical context on shadow banking, noting that it evolved naturally over 30 years as the economy changed and banking innovated. Shadow banking refers to financial arrangements like repo markets that developed symbiotically with traditional banking. In the 1980s, large institutional investors needed safe places to park large sums of money, leading to the growth of repo markets where investors could earn interest by lending funds to firms like Lehman Brothers in exchange for collateral

Author

Hossein Kazemi

Language

EN