of the less regulated, so-called shadow banking sector. Employing flow-of-funds data for the Euro Area's non-bank banking … increase in non-bank banking). Overall intermediation activity, hence, has remained roughly at the same level. Moreover, our … with this observation, balance-sheet based risk measures indicate a rise in sector-specific risks in the non-bank banking …

The use of contractual engineering to create channels of credit intermediation outside of the realm of banking … and 2008, this phenomenon, at that time commonly referred to as ‘shadow banking’, evoked a large-scale regulatory backlash … contractual arrangements. Our paper proposes to assign regulatory burdens equivalent to prudential banking regulation, in case …

(unintended) consequences of regulations for traditional banks on the shadow banking sector …