Ban Publishes on Political Economy of Shadow Banking
Cornel Ban, Assistant Professor of International Relations and Co-Director of the Global Economic Governance Initiative, published a recent journal article that he co-wrote with Professor Daniela Gabor of the University of the West of England on the political economy of shadow banking.
Ban’s journal article, entitled “The Political Economy of Shadow Banking,” was published in the Review of International Political Economy.
From the text of the article:
When most political economists talk about finance they mean the conventional banking sector that is subject to reserve requirements and other regulations but enjoying the safety nets offered by central banks. Yet this is not where the main drivers of the Great Financial Crisis were located. Instead, they were situated mostly in the non-bank part of the financial system, in the so-called shadow banking, where looser regulations and thinner public safety nets for financial institutions were the norm.
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You can read the entire article here.
Cornel Ban is the author of ten peer-reviewed articles on economic policy strategies in Southern Europe, Eastern Europe and Latin America, professionals and economic policy, the politics of IMF fiscal policy advice and European financial crisis management. His most recent book was published by Oxford University Press and deals with the local adaptation and crisis resilience of global economic paradigms in Spain and Romania. You can read more about him here.