DeFi: Shadow Banking 2.0?

ArXiv ID: ssrn-4038788 “View on arXiv”

Authors: Unknown

Abstract

The growth of so-called “shadow banking” was a significant contributor to the financial crisis of 2008, which had huge social costs that we still grapple with t

Keywords: shadow banking, financial crisis, systemic risk, regulatory arbitrage, non-bank financial intermediation, Fixed Income

Complexity vs Empirical Score

• Math Complexity: 0.5/10
• Empirical Rigor: 1.0/10
• Quadrant: Philosophers
• Why: The paper is a legal/regulatory analysis using historical case studies and conceptual arguments, with no mathematical modeling or empirical backtesting.

  flowchart TD
    A["Research Goal"] --> B["DeFi as Shadow Banking?"]
    B --> C["Methodology"]
    C --> D["Empirical Analysis"]
    D --> E["Data: Tether Reserves & Fixed Income"]
    E --> F["Computational Process"]
    F --> G["Correlation & Stress Tests"]
    G --> H["Findings"]
    H --> I["Systemic Risk & Regulatory Arbitrage"]