Shadow Banking: Economics and Policy
Staff Discussion Notes, December 4, 2012
Source details
- Canonical URL
- Shadow Banking: Economics and Policy
Other formats
Bibliographic details
- Authors: Stijn Claessens, Lev Ratnovski, Manmohan Singh
- Published: December 4, 2012
- Series: Staff Discussion Notes
- DOI: https://doi.org/10.5089/9781475583588.006
Summary
- This note outlines the basic economics of the shadow banking system, highlights (systemic) risks related to it, and suggests implications for measurement and regulatory approaches.
Authors and Publication
- By Stijn Claessens, Lev Ratnovski, Manmohan Singh
- December 4, 2012
- Staff Discussion Notes
Key Findings and Focus Areas
- Basic economics of the shadow banking system.
- Systemic risks related to the shadow banking system.
- Implications for measurement approaches.
- Implications for regulatory approaches.
Subjects and Keywords
- Subject: Banking, Collateral, Commercial banks, Financial institutions, Financial sector policy and analysis, Financial services, Securitization, Shadow banking, Systemic risk
- Keywords: asset management complex, bank holding, Collateral, Commercial banks, dealer bank, dealer-bank business model, financial stability, financial system, Global, hedge fund, interest rate, macroeconomic policy, macroprudential regulation, monetary policy, private sector, SDN, Securitization, securitization process, Shadow banking, short-term debt, Systemic risk, U.S. dollar