Open Access
Regulating Shadow Banking
Steven L. Schwarcz
- Vol. 31, pp 619
TLDR
In this article, a short and accessible paper attempts to define shadow banking by identifying its overall scope and its basic characteristics, and conceptually examines how shadow banking can be regulated to try to maximize its efficiencies while minimizing its risks.Abstract:
Although shadow banking is said to be huge, estimated at over $60 trillion, it is not well defined. This short and accessible paper attempts to define shadow banking by identifying its overall scope and its basic characteristics. Based on the definition derived, the paper also conceptually examines how shadow banking can be regulated to try to maximize its efficiencies while minimizing its risks.read more
Citations
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Competitive Advantages of Shadow Banking Industry: An Analysis Using Porter Diamond Model
TL;DR: In this article, the authors tried to find out why shadow banking system has become so competitive in the global financial system and how it can be controlled, and they used Porter's diamond model to find the competitive advantages of shadow banking.
Journal ArticleDOI
The role of shadow banking entities in the financial crisis: a disaggregated view
TL;DR: In this paper, the authors examine the role of shadow banking in the global financial crisis of 2007-9 and develop a disaggregated view of the shadow banking system, which suggests that while some parts of the system play a crucial role in the financial crisis, others are not.
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Grey matter in shadow banking: international organizations and expert strategies in global financial governance
TL;DR: In this paper, the authors examined the influence of academic economists in shadow banking regulation and found that academic economists' influence came from their credibility as arbitrageurs between several professional fields rather than their intellectual output.
Shadow banking around the globe: how large, and how risky?
Goran Amidzic,Nicolas Arregui,Johannes Blankenheim,Dale Gray,Artak Harutyunyan,John Kiff,Yoon-Sook Kim,Ivo Krznar,Alexander Massara,Samar Maziad,Miguel A. Segoviano,Stephen Cecchetti +11 more
TL;DR: In this paper, the authors describe the growth and risks of and regulatory responses to shadow banking, financial intermediaries or activities involved in credit intermediation outside the regular banking system, and therefore lacking a formal safety net.
Journal ArticleDOI
The political economy of shadow banking
Cornel Ban,Daniela Gabor +1 more
TL;DR: When most political economists talk about finance, they mean the conventional banking sector that is subject to reserve requirements and other regulations but enjoying the safety nets offered by cen....