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Press Room


Is Imperialism Passé in the 21st Century?

Working Paper, January 2020 | Rohit Azad, Shouvik Chakraborty

Shadow banking in China plays an important role in China’s overall financial system, but assessments of its impact vary widely. In this paper, Sarah Hsu describes how shadow banking is viewed by Chinese government officials and industry experts as overly risky and potentially undermining the formal financial system. But shadow banks are filling a gap in the provision of finance to particular sectors and smaller firms. Hsu analyzes the impact of government regulation on the shadow banking and non-shadow banking financial sector (i.e., the stock market) and proposes ways to strengthen the regulations of shadow banks to improve access to credit.

Webcast of Macroeconomic Policy Event

Presentation, December 2019 | James Crotty, Gerald Epstein, Jane D'Arista, James Galbraith, Ilene Grabel, Robert Pollin, Gary Dymski, Robert Kuttner, Robert Wade


Central Bank Independence Is a Myth. They Need to Be Democratized.

The Real News Network

Interview, November 2019 | Gerald Epstein

Central Bank Independence Is a Myth In The Real News Network interview, PERI's Gerald Epstein discusses his new book, "The Political Economy of Central Banking: Contested Control and the Power of Finance" >> Watch interview>> Read book

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