If you get a chance, head over to The Picture Blog, where they have a copy of the  IMF Working Paper, The (sizable) Role of Rehypothecation in the Shadow Banking System, Manmohan Singh and James Aitken. Authorized for distribution by Karl Habermeier, this paper debuted in July 2010,


A fantastic read, and one that ought to be seen by anyone with an interest in the shadow banking system.