Jakob Vestergaard

Changing policy norms for economic development and financial stability in the wake of the global financial crisis; reform of the
governance of international organizations

Jakob Vestergaard is senior researcher at the Danish Institute for International Studies (DIIS). He holds a PhD in international political economy of finance from Copenhagen Business School and a post-doc from London School of Economics. Since then, he has published on post-crisis banking regulation, governance reforms in the IMF and the World Bank, and macroprudential policy in emerging market economies. His publications include Discipline in the Global Economy? International Finance and the End of Liberalism (Routledge, 2009) and Central Banking at a Crossroads (Anthem Press, 2014), a co-edited book with Charles Goodhart, Daniela Gabor, and Ismail Erturk.

By this expert

Towards a theory of shadow money

Article | Apr 14, 2016

Struggles over shadow money today echo 19th century struggles over bank deposits.

Towards a theory of shadow money

Paper Grantee paper | | Apr 2016

What does the rise of shadow banking mean for monetary theory and practice? (How) should we change our traditional theories of money to capture the complex practices through which money is created in modern financial systems?