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Corporate sector balance sheets and crisis transmission
Identifies current omissions in corporate sector balance sheets including activities from the shadow banking system
Author: Christopher Davies
Economic & Labour Market Review, vol 3, no 7, pp 26-32. ISSN: 1751-8334
Recent events have had a significant impact on the balance sheets of financial corporations and private non-financial corporations. This article focuses on identifying and measuring current omissions from these balance sheets including activities from the shadow banking system such as hedge funds, structured investment vehicles and private equity. The aim is to improve transparency, making it easier to analyse the transmission of the current financial crisis to these sectors and monitor future developments.
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