Mises Wire
Author:
Arkadiusz Sieroń
Online Publish Date:
The process of lending and the uninterrupted flow of credit to the real economy no longer rely only on banks, but on a process that spans a network of banks, broker-dealers, asset managers, and shadow banks funded through wholesale funding and capital markets globally. - Pozsaret et al., 2013, p. 10 I. Introduction According to the standard