Shadow Banking and Market-Based Finance
Departmental Papers, August 1, 2018
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Bibliographic details
- Authors: Tobias Adrian, Bradley Jones
- Published: August 1, 2018
- Series: Departmental Papers
- DOI: https://doi.org/10.5089/9781484343883.087
Conceptual framework
- Distinguishes variants of nonbank credit intermediation by:
- structural features
- economic motivations
- risk implications
- Framework used to identify differences across forms of nonbank credit intermediation and to assess associated amplification forces.
Evolution and stocktaking since the global financial crisis
- Assesses the evolution of shadow banking and the extent of its transformation into market-based finance since the global financial crisis.
- Finds that many amplification forces active during the global financial crisis have diminished, but transformation is ongoing.
Regulatory and supervisory responses: progress and gaps
- Highlights substantial regulatory and supervisory responses in recent years.
- Identifies key areas of progress while drawing attention to elements where work still needs to be done.
- Emphasizes that the post-crisis reform agenda is not yet complete and requires continued policy attention.
Case studies and jurisdictional policy challenges
- Discusses case studies of policy challenges arising in different jurisdictions to illustrate practical issues and responses in market-based finance and nonbank credit intermediation.
Policy implications and recommendations
- Policy makers should remain attentive to new challenges looming on the horizon.
- Continued regulatory and supervisory work is required to address remaining vulnerabilities in nonbank credit intermediation and market-based finance.
Content in this bundle
- 45663 Dp1814 Shadow Banking