Perils of International Regime Complexity in Shadow Banking

Despite the role of shadow banking in the building up of the 2008 international financial crisis, the massive size of this sector, its cross-border nature, and the risks it entails for financial stability, the post-crisis regulation of shadow banking has remained rather feeble. Why?

The Perils of International Regime Complexity in Shadow Banking identifies a ''game of shadows'', which unfolded recu...