Congratulations to Jingting Lei on her new article, “The evolution of global bank-to-nonbank networks, 2002-2022: a stochastic actor-oriented analysis,” published in Finance and Space.
Written with SCOOP colleagues Malcolm Campbell-Verduyn and Rafael Wittek, the article looks at how relationships between banks and nonbank financial institutions like investment funds and insurers developed worldwide between 2002 and 2022.
After the 2008 global financial crisis, governments introduced reforms intended to help banks better withstand economic shocks. SCOOP's research has found that, rather than reshaping the system, the connections between banks and nonbanks reinforced the existing global financial structure. As a consequence, the traditional dominance of banks went unchanged.
To learn more about the global financial system, read Jingting’s article.
