Analysis of information sources in references of the Wikipedia article "Shadow banking system" in English language version.
History teaches us that, always and everywhere, asset price bubbles were accompanied by high leverage. That is not the case now, because banks' balance sheets are smaller. That reduces the amount of risk in the financial system. Where we need to be particularly vigilant is with regard to market-based finance, also known as shadow banking. We need to gather the right information and we may need new instruments to make sure that the next big crisis does not come from the shadow banking system.
{{cite journal}}: Cite journal requires |journal= (help){{cite journal}}: Cite journal requires |journal= (help)History teaches us that, always and everywhere, asset price bubbles were accompanied by high leverage. That is not the case now, because banks' balance sheets are smaller. That reduces the amount of risk in the financial system. Where we need to be particularly vigilant is with regard to market-based finance, also known as shadow banking. We need to gather the right information and we may need new instruments to make sure that the next big crisis does not come from the shadow banking system.