Topic
Shadow (psychology)
About: Shadow (psychology) is a research topic. Over the lifetime, 8396 publications have been published within this topic receiving 117158 citations.
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Posted Content•
TL;DR: In this paper, the basic economics of the shadow banking system, highlights the systemic risks related to it, and suggests implications for measurement and regulatory approaches, as well as the implications of these risks.
Abstract: 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.
36 citations
TL;DR: In this paper, a tractable and coherent framework that captures both conventional and unconventional monetary policies with the shadow fed funds rate is proposed, and the model generates the data-consistent result that a negative supply shock is always contractionary.
36 citations
TL;DR: The authors empirically analyzes how capital regulation, risk, and other factors altered the relative use of shadow banking-funded, short-term business debt since the early 1960s, and finds that the share was affected over the long run not only by changing information and reserve requirement costs, but also by shifts in relative regulation of bank versus nonbank credit sources.
Abstract: This paper empirically analyzes how capital regulation, risk, and other factors altered the relative use of shadow banking-funded, short-term business debt since the early 1960s. Results indicate that the share was affected over the long run not only by changing information and reserve requirement costs, but also by shifts in relative regulation of bank versus nonbank credit sources—such as Basel I in 1990 and reregulation in 2010. In the short-run, the shadow bank share rose when deposit interest rate ceilings were binding on traditional banks, the economic outlook improved, or risk premia declined, and fell when event risks arose.
36 citations
Posted Content•
01 Jan 2012
TL;DR: In this paper, shadow interest rates and the stance of U.S. monetary policy were discussed at the Center for Finance and Accounting Research Annual Corporate Finance Conference, Olin Business School.
Abstract: November 8, 2012. Presentation. \"Shadow Interest Rates and the Stance of U.S. Monetary Policy.\" Presented at the Center for Finance and Accounting Research Annual Corporate Finance Conference, Olin Business School, Washington University in St. Louis
36 citations
36 citations