WebHow the Financial System Works 1 - A Map of Money Flows in the Global Financial Ecosystem - by Zoltan Pozsar An Appendix to the paper “Shadow Banking: The Money View” (Pozsar, 2014) Senior Adviser Office of Financial Research, U.S. Treasury 2. The Hierarchy of Access. 2 3. The Hierarchy of Uses.. 4. The Dealer Eco-System. 1. The Hierarchy of Money. WebSep 13, 2016 · Mainly professional investors, including insurance companies, pension funds, and banks on behalf of customers or on their own account. Individual investors can also buy them, usually through a ...
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