There is a stylised model of what is meant to happen when the shadow banking system contracts, in which Banks act as "lenders of second-to-last resort".

当影子银行系统收缩时将会发生什么？关于这个问题存在一个程序化模型，商业银行在其中充当仅次于最后贷款人的角色。

youdao

There is a stylised model of what is meant to happen when the shadow banking system contracts, in which Banks act as "lenders of second-to-last resort".

当影子银行系统收缩时将会发生什么？关于这个问题存在一个程序化模型，商业银行在其中充当仅次于最后贷款人的角色。

youdao