Shadow Networks: Financial Disorder and the System That Caused CrisisThe 2007 08 financial crisis surprised many economists and the public. But how did the crisis come about, why was it so deep, and why has the clean up been so slow and painful? Many accounts of the crisis focus on renegade activity in marginal financial sectors. Shadow Networks challenges this pervading view and sets out to demonstrate that, far from a dissident branch, the shadow finance that initiated the crisis is tightly networked with, and highly
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Shadow Networks: Financial Disorder and the System That Caused Crisis