Crisis, Dollar and Shadow Financial System
One of the biggest concerns in the course of the current financial crisis is the role of the dollar and its hegemony in exchange transactions on a global level. The financial operations of the parallel or shadow financial system cannot be comprehended without understanding financialization and securitization. "Too big to fail, too big to rescue" expressed the size of the "over-the-counter" derivatives market. Institutional investors are responsible for the sovereign debt problem and the solution to the crisis. The dollar as the international general equivalent of the shadow financial system is of tremendous importance in today's world.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:mes:jeciss:v:46:y:2012:i:2:p:511-518. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ian Winship)or (Chris Nguyen)
If references are entirely missing, you can add them using this form.