Week 12 — Lectures 21 & 22, Reading 11
We're discussing the following for week 12: Lecture 21 Shadow Banking, Central Banking, and Global Finance Lecture SlidesEverything in the shadow-banking system is a market price. Derivative dealers and their swap books are central to the modern market-based shadow-banking system. It's the derivative dealers who need a backstop. Lecture 22: Touching the Elephant: Three Views …