93006. Harland [176.10.104.234] 01 Oct 2015 - 02:58
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| I hate shopping cheap generic abilify klonopin An alternative โ โfunctionalโ โ approach treats shadow banking as a collection of specific intermediation services. Each of them responds to its own demand factors (e.g., demand for safe assets in securitisation, the need to efficiently use scarce collateral to support a large volume of secured transactions, etc.). The functional view offers useful insights. It stresses that shadow banking is driven not only by regulatory arbitrage, but also by genuine demand, to which intermediaries respond. This implies that in order to effectively regulate shadow banking, one should consider the demand for its services and โ crucially โ understand how its services are being provided (Claessens et al. 2012).
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