Staff Discussion Notes

Shadow Banking: Economics and Policy

By Stijn Claessens, Lev Ratnovski, Manmohan Singh

December 4, 2012

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Stijn Claessens, Lev Ratnovski, and Manmohan Singh. Shadow Banking: Economics and Policy, (USA: International Monetary Fund, 2012) accessed October 5, 2024

Disclaimer: This Staff Discussion Note represents the views of the authors and does not necessarily represent IMF views or IMF policy. The views expressed herein should be attributed to the authors and not to the IMF, its Executive Board, or its management. Staff Discussion Notes are published to elicit comments and to further debate.

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.

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

Publication Details

  • Pages:

    37

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Staff Discussion Notes No. 2012/012

  • Stock No:

    SDNEA2012012

  • ISBN:

    9781475583588

  • ISSN:

    2617-6750