Financial Law and Risk Control
Regulating the Shadow Banking System
Gary Gorton and Andrew Metrick
- Year
- 2010
- Venue
- Brookings Papers on Economic Activity
- Level
- Advanced
Summary
Examines the rise of shadow banking and proposes regulatory principles for money-market funds, securitization, and repos. The article emphasizes privately created money, bankruptcy safe harbors, collateral rules, and public guarantees as institutional levers for controlling run-prone financial intermediation.
Citation
Gary Gorton and Andrew Metrick. "Regulating the Shadow Banking System." Brookings Papers on Economic Activity, 2010.
BibTeX
@article{Gorton2010Regulating,
title = {Regulating the Shadow Banking System},
author = {Gary Gorton and Andrew Metrick},
year = {2010},
journal = {Brookings Papers on Economic Activity},
url = {https://www.brookings.edu/articles/regulating-the-shadow-banking-system-with-comments-and-discussion/}
}