Shadow Banking and the unintended consequences of QE and other central bank policies

First of all, let’s try to understand a bit more what is Shadow Banking: http://www.investopedia.com/terms/s/shadow-banking-system.asp Definition of ‘Shadow Banking System’ The financial intermediaries involved in facilitating the creation of credit across the global financial system, but whose members are not subject to regulatory oversight. The shadow banking system also refers to unregulated activities by regulated […]