The Edges of Finance paper

Paper · PageRank 0.0008

Also known as: the-edges-of-finance

Overview

"The Edges of Finance" is a policy essay published on Paradigm's policy site. It argues that after the global financial crisis, regulators and the private sector redesigned the system in ways that pushed credit intermediation out of the banking core and toward the edges of the financial system, with lending in the core becoming narrower over time. The piece contends that as activity migrates outward, a unified and verifiable representation of the state of the system becomes more important, and discusses the structural instability created by banks' maturity mismatch. It forms part of Paradigm's public policy writing on financial market structure.

Within the DeFi Intel graph, The Edges of Finance connects to 1 tracked entity, most strongly to Paradigm Research.

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Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).

Frequently asked questions

Where is The Edges of Finance published?

On Paradigm's policy website, at policy.paradigm.xyz/writing/The-Edges-of-Finance.

What is the essay's central argument?

That post-crisis redesign of the financial system pushed credit intermediation out of the banking core and toward the edges of the system, narrowing core lending.

Why does the piece say verifiability matters?

Because as activity moves away from the core toward the edges, having a unified, verifiable representation of the state of the system becomes more important.