By Definition, "Shadow Banks Are a Diverse Set of Financial

question 70

Essay

By definition, "shadow banks are a diverse set of financial institutions that perform some functions similar to banks, but do so outside the regulatory system that applies to traditional banking." In the U.S. recession of 2008, the U.S. government financially rescued many shadow banks. Was this a moral hazard? If yes, then why did the government do this?

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Definitions:

Urban Sprawl

The uncontrolled expansion of urban areas into the surrounding countryside, often criticized for environmental and social reasons.

Megacities

Extremely large cities, typically with a population of over 10 million people, often facing unique social, economic, and environmental challenges.

Public Water

Public water refers to the supply of water provided by government or municipal bodies to communities for drinking, washing, and other domestic purposes.