From shadow banking to climate finance: Young academics tackle global challenges at UNCTAD's summer school
Daphibiang Khardhuia, a budding Indian economist, is delving into the world of shadow banking, which rattled the country’s financial sector in 2018 and is back in the spotlight. As demand for credit surges in one of the world’s fastest-growing economies, investors, companies and people are increasingly turning to India’s thousands of shadow banks, also called nonbank financial institutions, which often step in when traditional banks hesitate.
Source: unctad.org