Browsing HBS Scholarly Articles by Keyword "financial instruments"

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    • Money Creation and the Shadow Banking System 

      Sunderam, Aditya Vikram (Oxford University Press (OUP), 2015)
      Many explanations for the rapid growth of the shadow banking system in the mid-2000s focus on money demand. This paper asks whether the short-term liabilities of the shadow banking system behave like money. We first present ...