Naked Capitalism has the post Towards a Theory of Shadow Money.
The bigger task that follows from our analysis, is to define the social contract between the three key institutions involved in shadow money: the state as base collateral issuer, the central bank, and private finance.
I would call this a Donald Rumsfeld moment for me. I have suddenly been introduced to the knowledge of what I didn’t know that I didn’t know. Now at least I know that I don’t know this.
Armed with this, I can learn more about it to turn it into something I do know. You can do the same, if you didn’t know that you didn’t know this.