Discover and read the best of Twitter Threads about #shadowbanking

Most recents (6)

As I wrote in my Jacobin piece on 'why #shadowbanking is bigger than ever', where I understand shadow banking as financial globalisation, there are three reasons for its resilience in the age of authoritarian/nationaist regimes. jacobinmag.com/2018/11/why-sh…
1. A sensationalist narrative of GFC that downplayed its structural roots.
Since 1980s, states encouraged shift towards market-based, globalised finance as necessary infrastructure of new anti-Keynesian macroeconomic order.
why: competing for global investors in government bond markets, replacement of welfare state with asset-based welfare via pension funds/insurance co, tax revolt of elites and corporations.
Read 23 tweets
a thread on #DeutscheBank evolution from to and from 'behemoth that relies heavily on global securities markets', and its role in changing German and European macro-finance (from @euromoney archives)
it's 1999, and #DeutscheBank men - sumo wrestlers, "straight out of central casting" - are changing business model to confront more aggressively the US investment banks
investment banking, they argue, will pay for low-returns retail banking (note the irony)
Read 12 tweets
"Covertly" -- April 13, 2019

Operation Disclosure operationdisclosure1.blogspot.com/2019/04/rvinte…
RV/INTELLIGENCE ALERT - April 14, 2019

(Disclaimer: The following is an overview of the current situation based on intelligence leaks received from several sources which may or may not be accurate. Other confirmed sources may also be included in this overview.)
The Earth Alliance is covertly smoking out all Cabal/Deep State operatives embedded within the US Government.

The entire Cabal/Deep State criminal syndicate is being dismantled from within.
Read 24 tweets
China gets increasingly plugged into global financial cycle - the biggest change in global capital markets in anyone's lifetime . . . there has never been a bond market this large in the history of the world that is not including in an index ftalphaville.ft.com/2019/04/01/155…
lots to be done still - this is a very controlled plugging in, and rightly so, given loss of monetary policy autonomy
in a paper I published last year, I argued that China's turn to securities markets is strategy of harnessing reform of #shadowbanking into RMB internationalization
Read 4 tweets
my @FTAlphaville guest post - @WorldBank's Maximising Finance for Development agenda is constructing a new financial world order with #shadowbanking at its core @KevinPGallagher @AnnPettifor @BJMbraun @ingridharvold @eurodad ftalphaville.ft.com/2018/10/29/154…
post develops at greater lengths ideas of our open letter to #am2018bali , signed by 120 scholars from Global North & South, also addressing questions from @CarterPaddy criticalfinance.org/2018/10/10/the…
I also ask whether the African Development Bank's synthetic securitisation deal deserves the kind of unreserved celebration it has received - what kind of development agenda does it finance @SonyKapoor
Read 7 tweets

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