traditional banking. However, it is important to recognize that a constant conclusion would be misleading. P2P platforms have … addition, we discuss that acting on P2P online platforms satisfies most possible definitions of shadow banking and shows … significant similarities with many observed aspects of shadow banking. We thus infer that P2P lending can be considered part of …

the emergence of the shadow banking system. This paper shows that the largest part of the shadow banking system merely … traditional banking sector might be an additional policy instrument to reduce the build-up of systemic risk in the shadow banking …