REFERENCES
- Adrian, T., and Shin, H.S. “The Changing Nature of Financial Intermediation and the Financial Crisis of 2007–09.” Federal Reserve Bank of New York Staff Report no. 439, March 2010 (revised April 2010).
- Basel Committee on Banking Supervision. Basel II: International Convergence of Capital Measurement and Capital Standards: a Revised Framework. Basel: Bank for International Settlements, June 2004.
- Bernanke, B.S. “Developments in the Financial Markets.” Testimony of the Chairman of the Board of Governors of the U.S. Federal Reserve System, before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, DC, April 3, 2008a.
- Borio, C. “The Financial Turmoil of 2007: A Preliminary Assessment and Some Policy Considerations.” BIS Working Papers, no. 251. Basel: BIS/Monetary and Economic Department, March 2008.
- Cetorelli, N., and Peristiani, S. “The Role of Banks in Asset Securitization.” Federal Reserve Bank of New York Economic Policy Review, July 2012 (available at http://www.newyorkfed.org/research/epr/12v18n2/1207peri.pdf).
- Fabbozzi, F.J. ed. Handbook of Structured Financial Products. New Hope, PA: Frank J. Fabozzi Associates, 1998.
- Farhi, M., and Cintra, M.A. “The Financial Crisis and the Global Shadow Banking System.” Revue de la Régulation Financière, no. 5, September 2009 (available at http://regulation.revues.org/index7364.html).
- Financial Stability Board. Strengthening Oversight and Regulation of Shadow Banking: Policy Framework for Addressing Shadow Banking Risks in Securities Lending and Repos, 2013 (available at http://www.financialstabilityboard.org/publications/r_130829b.pdf).
- Freitas, C.P. “Concurrence bancaire, speculation et instabilité financière: une lecture hétérodoxe de l’évolution récente du système financier internacional.” Ph.D. diss., Université de Paris XIII, 1997.
- Gorton, G., and Metrick, A. “Regulating the Shadow Banking System.” 2010 (available at http://ideas.repec.org/a/bin/bpeajo/v41y2010i2010–02p261–312.htm).
- Guttmann, R. “ A Primer on Finance-Led Capitalism and Its Crisis.” Revue de la Régulation, 2008 (3/4) (December) (available at regulation.revues.org/document5843.html).
- Guttmann, R., and Plihon, D. “ Consumer Debt at the Center of Finance-Led Capitalism.” Paper presented at CEPN/SCEPA Conference “Globalization and Inequality: Are Growth Regimes in Open Economies Bound to be Biased? A Comparative Analysis of the U.S. and Europe in the 2000s.” Université Paris 13, January 17–18, 2008 (available at http://www.univ-paris13.fr/CEPN/col_guttmann_plihon_1.pdf).
- International Monetary Fund (IMF). “Shadow Banking Around the Globe: How Large, and How Risky,” in Global Financial Stability Report, ch. 4. Washington, DC, October 2014.
- Kedrosky, P. “ The First Non-bank Bank Run.” September 3, 2007 (available at http://paul.kedrosky.com/archives/2007/09/03/the_first_nonba.html).
- Kiff, J., and Mills, P. “ Money for Nothing and Checks for Free: Recent Developments in U.S. Subprime Mortgage Markets. IMF Working Paper no. 07/188, Washington, DC, July, 2007 (available at http://www.imf.org).
- Kregel, J. “ Minsky’s Cushions of Safety: Systemic Risk and the Crisis in the U.S. Subprime Mortgage Market. Public Policy Brief, no. 93, Levy Economics Institute of Bard College, January 2008 (available at http://www.levy.org).
- Masters, B. “ FSB Seeks to Tame Shadow Banking.” Financial Times, November 18, 2012 (available at http://www.ft.com/intl/cms/s/0/23eefd10-3175-11e2-b68b-00144feabdc0.html#axzz2fj3dZfai/.)
- McCulley, P. “ Comments on Housing and the Monetary Transmission Mechanism.” September 1, 2007 (available at http://www.econbrowser.com/archives/2007/09/comments-on-hou.html).
- Minsky, H.P. Stabilizing an Unstable Economy. New Haven, CT: Yale University Press, 1986.
- ———. “Securitization.” 1987, Hyman P. Minsky Archive (available at http://digitalcommons.bard.edu/hm_archive/15/).
- ———. “Money Manager Capitalism.” Hyman. P. Minsky Archive, Bard Digital Commons, Levy Economics Institute of Bard College, 1989 (available at http://digitalcommons.bard.edu/cgi/viewcontent.cgi?.article=1012&context=hm_archive/).
- ———. “Uncertainty and the Institutional Structure of Capitalist Economies. 1996, Hyman P. Minsky Archive, paper 24 (available at http://digitalcommons.bard.edu/hm_archive/24/).
- Moe, T.G. “ Shadow Banking: Policy Challenges for Central Banks.” Working Paper no. 802, Levy Economics Institute of Bard College, May 2014 (available at http://www.levyinstitute.org/pubs/wp_802.pdf).
- Nersisyan, Y., and Wray, R.L. “ The Global Financial Crisis and the Shift to Shadow Banking.” Working Paper no. 587, Levy Economics Institute of Bard College, February 25, 2010.
- Partnoy, F., and Skeel, DavidJr. “The Promise and Perils of Credit Derivatives.” Working Paper no. 125, University of Pennsylvania Law School, 2006 (available at http://lsr.nellco.org/upenn/wps/papers/125/).
- Persaud, A. “ Where Have All the Risks Gone?.” London, Gresham College, 2002 (available at http://www.gresham.ac.uk.)
- Polanyi, P. The Great Transformation. Boston: Beacon Press, 1944.
- Pozsar, Z. “ The Rise and Fall of the Shadow Banking System.” 2008. Moody’s Economy.com.
- ———. Institutional Cash Pools and the Triffin Dilemma of the U.S. Banking System. IMF Working Paper no. 11/190, August, International Monetary Fund, 2011. Available at: https://www.imf.org/external/pubs/ft/wp/2011/wp11190.pdf
- Pozsar, Z.; Adrian, T.; Ashcraft, A; and Boesky, H. “ Shadow Banking.” Federal Reserve Bank of New York Staff Report no. 458, July 2010 (revised February 2012) (available at http://www.newyorkfed.org/research/staff_reports/sr458.pdf).
- Schumpeter, J. 1911. The Theory of Economic Development. Cambridge, MA: Harvard University Press, 1934.
- Taleb, N.N. The Black Swan: The Impact of the Highly Improbable. New York: Random House, 2007.
- Tarullo, D.K. “ Shadow Banking and Systemic Risk Regulation.” Paper presented at Americans for Financial Reform and Economic Policy Institute Conference, Washington, DC, November 22, 2013 (available at http://www.federalreserve.gov/newsevents/speech/tarullo20131122a.htm).
- Teitelbaum, R., and Son, H. “ Unwinding at AIG Prompts Pasciucco to Ponder Systemic Failure.” Bloomberg, July 1, 2009 (available at http://www.bloomberg.com/apps/news?.pid=newsarchive&sid=afDX3.N1Kdgw/).
- Wray, R.L. “ A Minskyan Road to Financial Reform.” Working Paper no. 655, Levy Economics Institute of Bard College, March 14, 2011.