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Basically, shadow banking is an original kind of business organization, or better a set of institutions and markets … the hard core of financialization. Shadow banking manifests itself through a variety of activities carried out since time … banking as an anomaly of financial markets, to which it appears thoroughly linked. In this paper we try to analyze the subject …
Persistent link: https://www.econbiz.de/10011494440
The discussion around the role of nonbanks and their impact on financial stability is a healthy development. However, the author believes the current debate is filled with a number of misconceptions and omissions that detract from the goals of enhancing market stability and economic growth...
Persistent link: https://www.econbiz.de/10013004715
This paper traces the roots of collateral flow and its potential vulnerabilities in the shadow banking system to their … regulatory capital treatment in the banking sector. As part of assessing the interaction of banking regulation and the shadow … banking sector, it investigates the impact of bank regulatory capital reforms on the repo markets, and specifically the …
Persistent link: https://www.econbiz.de/10012948121
Private banking is one of key operational areas in developed countries. Its core is the service of wealthy individual … and non-financial, and a complex approach to the customers' demands. In Poland private banking is one of the youngest and … Polish private banking. Its target is also to pinpoint the problems this sector of banking is currently facing …
Persistent link: https://www.econbiz.de/10013098213
Financial innovation is inextricably tied to asymmetric information and therefore sets the stage for financial crises. Over history, every truly meaningful crisis has had elements of asymmetric information, particularly affecting innovative financial instruments that are primary market...
Persistent link: https://www.econbiz.de/10013160426
There was perhaps no issue of greater importance to the financial regulatory reforms of 2010 than the resolution, without taxpayer assistance, of large financial institutions. The rescue of firms such as AIG shocked the public conscience and provided the political force behind the passage of the...
Persistent link: https://www.econbiz.de/10012903778
This paper studies the specificities of the regulation of shadow banking in the EU. It argues that the idiosyncratic … features of the EU shadow banking sector call for a different (or indigenized) regulatory approach from that of the U.S. It … highlights striking differences between the EU and the U.S. shadow banking sector based on both the market structure and the …
Persistent link: https://www.econbiz.de/10012853767
This paper assesses the potential impact of FinTech on the finance industry. I document first that financial services remain surprisingly expensive, which explains the emergence of new entrants. I then argue that the current regulatory approach is subject to significant political economy and...
Persistent link: https://www.econbiz.de/10012950260
An emerging trend in financial services is banks' increasingly common refusal to do business with industries for political reasons rather than for traditional business justifications. Banks' refusals are often explained by a desire to make a difference or send a message. While this desire may...
Persistent link: https://www.econbiz.de/10012846774
The European Commission's current initiative to commence consultations on the action plan to build a Capital Markets Union is to be welcomed. The objective must be to create a stable and sustainable financial system, providing all households and companies with appropriate access to financial...
Persistent link: https://www.econbiz.de/10011916034