Why Shadow Banking Didn’t Cause the Financial Crisis

In his new book, Why Shadow Banking Didn’t Cause the Financial Crisis, Norbert Michel explores the main problems with the conventional story about the 2008 crisis and explains why it does not justify expanding bank‐​like regulations throughout financial markets to mitigate systemic risks.</p><br /><p > Hosted on Acast. See acast.com/privacy for more information.</p>