This is in contrast to shadow banks, who create money-like claims more cheaply, by relying on an early exit option, and who are therefore more vulnerable to runs and the accompanying fire-sale risk.
Let me conclude by thanking you again for having me here  today and allowing me the opportunity to explore some of the factors that influence labor market disparities. - 12 References Alichi, Ali, Kory Kantenga, and Juan Solè (2016). “Income Polarization in the United States,” IMF Working Paper 16/121. Washington: International Monetary Fund. https://www.imf.org/external/pubs/ft/wp/2016/wp16121.pdf. Bayer, Amanda, and Cecelia Elena Rouse (2016).