Crypto’s Unregulated DeFi Boom Raises Shadow Banking Comparisons
Document Type
News Article
Publication Date
3-17-2022
Abstract
Many of the negative hallmarks of shadow banking -- such as the excessive leverage and opacity that precipitated the 2008 global financial crisis -- have already seeped into the world of decentralized finance.
That’s the warning of Hilary Allen, a professor at American University’s Washington College of Law, in a recently published paper titled “DeFi: Shadow Banking 2.0?”
External Links
https://www.bloomberg.com/news/articles/2022-03-17/crypto-s-unregulated-defi-boom-raises-shadow-banking-comparisons
Source Publication
Bloomberg
Recommended Citation
Allen, Hilary J. and Kharif, Olga, "Crypto’s Unregulated DeFi Boom Raises Shadow Banking Comparisons" (2022). Popular Media. 507.
https://digitalcommons.wcl.american.edu/pub_disc_media/507
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