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James Sweeney

James Sweeney, Credit Suisse, Reshaping the Financial System, here. Starts on page 51.

Shadow banking has survived the crisis. But the financial system is being reshaped, just as the commercial banking system was in the 1930s. In order to understand the evolution now under way, it is helpful to focus first on how the mid-century bank-based financial system created liquidity.

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