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shadow banking: a review of the literature

This entry reviews the fundamental reasons for the existence of shadow banking, explains the functioning of shadow banking institutions and activities, discusses why shadow banks need to be regulated, and reviews the impact of recent reform efforts on shadow banking credit intermediation.

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  • The scramble for Africa and its legacy
    Stelios Michalopoulos, Brown University, National Bureau of Economic Research and Centre for Economic Policy Research, USA and Elias Papaioannou, London Business School, National Bureau of Economic Research and Centre for Economic Policy Research, UK
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    by Donna K. Ginther, University of Kansas & National Bureau of Economic Research, USA, Shulamit Kahn, Boston University, USA and Jessica McCloskey, University of Kansas, USA
  • European Banking Union
    by Corrado Macchiarelli, Brunel University, UK

Congratulations to Oliver Hart for being awarded the 2016 Nobel Prize in Economics. Read his original entry incomplete contracts today.

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