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Mapping the Crypto Shadow Banking System

Screenshot 2022-11-24 at 09.39.25

It took nearly five years for Zoltan Pozsar (then at the New York Fed) to map out the full complexity of the shadow banking system in a bid to help regulators and policymakers to better understand how risks piled up in the system. The end result was this extraordinary chart: Now, thanks to the endless […]


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