Four years ago, Zoltan Pozsar helped change how policy makers visualise the financial world when he worked with colleagues at the New York Federal Reserve to create a gigantic wall map of shadow banking. Astonishingly, it was the first time anyone had laid out these financial flows in detailed, graphic form. And by doing that, the NY Fed researchers showed why the sector mattered – and why policy makers needed to rethink how the financial ecosystem did (or did not) work.
4年前,經濟學家佐爾坦•鮑茲(Zoltan Pozsar)幫助改變了政策制定者對金融世界的看法,當時他與紐約聯儲銀行(New York Federal Reserve)的同事一起繪製了一張有關影子銀行的巨幅掛圖。令人喫驚的是,這是第一次有人利用詳細圖表顯示金融流動。通過這種方式,紐約聯儲銀行的研究人員揭示了金融業存在的重要意義——以及政策制定者需要反思金融生態系統運轉(或失靈)機制的原因。