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Shadow Networks – Financial Disorder and the System that Caused Crisis - Oxford Scholarship Online
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Shadow Networks: Financial Disorder and the System that Caused Crisis

Francisco Louçã and Michael Ash


The networks and institutions that support a finance-focused, market-centered model of economy and society from their intellectual roots through their ascendancy to their surprising resilience in the face of manifest failures are traced. The focus is on the quarter century, 1980–2006, leading to the global economic crisis and on the now decade-long crisis itself (2007–17). The approach uses political economy, with a focus on actors and their motives, the structures and resources that shaped them and that they in turn shaped, and the key events and turning points. The actors vary but come overw ... More

Keywords: inequality, networks, elite, finance, shadow finance, crisis

Bibliographic Information

Print publication date: 2018 Print ISBN-13: 9780198828211
Published to Oxford Scholarship Online: October 2018 DOI:10.1093/oso/9780198828211.001.0001


Affiliations are at time of print publication.

Francisco Louçã, author
Professor, ISEG, Lisbon University, Portugal

Michael Ash, author
Professor of Economics and Public Policy, University of Massachusetts Amherst, USA