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Shadow Banking: The Threat of Shadow Finance

Scientific culture

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A presentation by Philippe Madiès

Philippe Madiès, a researcher within the AGR axis of the CERAG laboratory, spoke on France Culture on January 22, 2025 in "Le mot de l'Eco" to talk about Shadow Banking.

In 2023, “shadow banking” grew more than twice as fast as traditional finance, according to the Financial Stability Board. How can we define this sector, which now represents nearly half of global financial assets and which was held responsible for the 2008 crisis?

With :

  • Jézabel Couppey-Soubeyran, Senior Lecturer in Economics at Paris-I University, Scientific Advisor at the Veblen Institute
  • Philippe Madiès , Economist, Professor of Finance at the Université Grenoble Alpes , researcher at CERAG (Center for Studies and Applied Research in Management)

Published on 23, January 2025

Updated on 4, March 2026