The rise of the shadow bank – a kind of credit intermediary that lies outside the range of much banking regulation – carries a subtler corollary. It has created a kind of money that is likewise beyond reach of central bankers’ traditional instruments of oversight and control. Rightly, the US Federal Reserve is responding by forging new tools.
影子銀行是一種不受大部分銀行業監管措施約束的信貸中介工具,它的興起造成了比較微妙的后果。它創造出了一種游離于央行官員傳統監管控制手段之外的貨幣。美聯儲(Fed)打造新工具應對影子銀行,是有道理的。
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