{
  "title": "Shadow Banking: Economics and Policy",
  "publication": "Staff Discussion Notes, December 4, 2012",
  "sourceUrl": "https://www.imf.org/en/publications/staff-discussion-notes/issues/2016/12/31/shadow-banking-economics-and-policy-40132",
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  "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.",
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      "content": "- 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."
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      "content": "- By Stijn Claessens, Lev Ratnovski, Manmohan Singh\n- December 4, 2012\n- Staff Discussion Notes"
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      "heading": "Key Findings and Focus Areas",
      "content": "- Basic economics of the shadow banking system.\n- Systemic risks related to the shadow banking system.\n- Implications for measurement approaches.\n- Implications for regulatory approaches."
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      "heading": "Subjects and Keywords",
      "content": "- Subject: Banking, Collateral, Commercial banks, Financial institutions, Financial sector policy and analysis, Financial services, Securitization, Shadow banking, Systemic risk\n- 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\n\n---\n\n Content in this bundle\n\n- sdn1212\n  - sdn1212 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - sdn1212 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/staff-discussion-notes/issues/2016/12/31/shadow-banking-economics-and-policy-40132"
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    "Authors: Stijn Claessens, Lev Ratnovski, Manmohan Singh",
    "Published: December 4, 2012",
    "Series: Staff Discussion Notes",
    "DOI: https://doi.org/10.5089/9781475583588.006",
    "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.",
    "By Stijn Claessens, Lev Ratnovski, Manmohan Singh",
    "December 4, 2012",
    "Staff Discussion Notes",
    "Basic economics of the shadow banking system.",
    "Systemic risks related to the shadow banking system.",
    "Implications for measurement approaches.",
    "Implications for 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",
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