Economist Paul Krugman and U.S. Treasury Secretary Timothy Geithner explain the credit crisis via the implosion of the shadow banking system, which had grown to nearly equal the importance of the traditional commercial banking sector as described above. Without the ability to obtain investor funds in exchange for most types of mortgage-backed securities or asset-backed commercial paper, investment banks and other entities in the shadow banking system could not provide funds to mortgage firms and other corporations.
ఆర్థిక శాస్త్రవేత్త పాల్ క్రుగ్మాన్ క్రెడిట్ సంక్షోభాన్ని ఏ వ్యవస్థ యొక్క విప్లవం ద్వారా వివరించాడు?
shadow banking system