Since the Great Recession cross-border financial assets have grown nearly 60%. Cross-border portfolios and market-based finance have grown tremendously during this time. This trend has been compounded by market opaqueness, with limited information on the portfolios of non-bank financial institutions and individual investors potentially hiding significant risk in the global financial system. In this Policy Research Talk on March 22, 2022, World ¶¹ÄÌÊÓƵAPP economist Alvaro Pedraza shed light on these pressing issues with comprehensive data on the Colombian Stock Exchange.
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