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Liquidity Regulation and Unintended Financial Transformation in China

Hachem, Kinda Cheryl - 2016

We trace the origins of China's rapidly developing shadow banking sector to the adoption of stricter liquidity rules by Chinese regulators in the late 2000s. Our analysis exploits cross-sectional di¤erences in the bindingness of these rules along with time variation in product characteristics....

Persistent link: https://www.econbiz.de/10012456792

Optimal Shadow Banking

Liu, Zehao; Zhang, Jinfan - 2021

A puzzle of China’s shadow banking system is its stark growth since the 2008 Subprime Crisis, which is in sharp contrast to most of countries. We present a model to explain why the shadow banking activities have been allowed to expand with the full awareness of regulators in China. In the...

Persistent link: https://www.econbiz.de/10013231685

The Macroeconomic Effects of Shadow Banking Panics

Poeschl, Johannes - 2021

We study the effects of shadow banking panics in a macroeconomic model with a rich financial system, including deposit-financed retail banks and wholesale-financed shadow banks. Shadow banking panics occur when retail banks choose not to roll over their lending to shadow banks. Occasionally...

Persistent link: https://www.econbiz.de/10013241368

International shadow banking and prudential capital controls

Johnson, Christopher P. - In: Journal of international money and finance 119 (2021), pp. 1-25

Persistent link: https://www.econbiz.de/10013284893

Shadow Banking and Financial Stability Under Limited Deposit Insurance

Voellmy, Lukas - 2021

I study the relation between shadow banking and financial stability in an economy in which banks are susceptible to self-fulfilling runs and in which government-backed deposit insurance is limited. Shadow banks issue only uninsured deposits while commercial banks issue both insured and uninsured...

Persistent link: https://www.econbiz.de/10013315066

Sustainable Shadow Banking

Ordoñez, Guillermo - 2013

Commercial banks are subject to regulation that restricts their investments. When banks are concerned for their … regulation has the potential to improve welfare. Still, reputation concerns depend on future economic prospects and may suddenly … a combination of traditional regulation and cross reputation subsidization may enhance shadow banking and make it more …

Persistent link: https://www.econbiz.de/10013082416

Shadow Banking : A Review of the Literature

Adrian, Tobias - 2012

We provide an overview of the rapidly evolving literature on shadow credit intermediation. The shadow banking system consists of a web of specialized financial institutions that conduct credit, maturity, and liquidity transformation without direct, explicit access to public backstops. The lack...

Persistent link: https://www.econbiz.de/10013098030

Banks' precautionary capital and credit crunches

Valencia, Fabian - In: Macroeconomic dynamics 18 (2014) 8, pp. 1726-1750

Persistent link: https://www.econbiz.de/10010467898

Symbiosis vs. crowding-out : the interaction of formal and informal credit markets in developing countries

Jain, Sanjay - In: Journal of development economics 59 (1999) 2, pp. 419-444

Persistent link: https://www.econbiz.de/10001390612

(Dis)advantages of informal loans : theory and evidence

Karajvanov, Alexander K.; Kessler, Anke S. - In: European economic review : EER 102 (2018), pp. 100-128

Persistent link: https://www.econbiz.de/10011975560

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