What is the shadow banking system in what ways does the, Finance Basics

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What is the shadow banking system in what ways does the

1. What is the shadow banking system? In what ways does the shadow banking system differ from the commercial banking system?

2. What is systemic risk?

3. What is a "run" on a financial firm? Why have runs on commercial banks become rare, while several shadow banking firms experienced runs during the financial crisis?

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