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Financial-Return Crowdfunding and Regulatory Approaches in the Shadow Banking, Fintech and Collaborative Finance Era
Macchiavello, Eugenia - 2018
The relationship between financial innovators and regulators has been historically tense, with financial innovators taking advantage of loopholes and regulators desperately trying to keep pace with innovations while dealing with limited resources and long bureaucratic processes. Nonetheless, in...
Persistent link: https://www.econbiz.de/10012931808
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Shadow banking : financial intermediation beyond banks
Adrian, Tobias; Chrétien, Edouard; Chui, Michael; … - Shadow Banking: Financial Intermediation beyond Banks …; … - 2018
Persistent link: https://www.econbiz.de/10011790739
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Markets, banks, and shadow banks
Martinez-Miera, David; Repullo, Rafael - 2019
We analyze the effect of bank capital requirements on the structure and risk of a financial system where markets, regulated banks, and shadow banks coexist. Banks face a moral hazard problem in screening entrepreneurs' projects, and they choose whether to be regulated or not. If regulated, a...
Persistent link: https://www.econbiz.de/10011975503
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Markets, Banks, and Shadow Banks
Martinez-Miera, David - 2019
We analyze the effect of bank capital requirements on the structure and risk of a financial system where markets, regulated banks, and shadow banks coexist. Banks face a moral hazard problem in screening entrepreneurs' projects, and they choose whether to be regulated or not. If regulated, a...
Persistent link: https://www.econbiz.de/10012893588
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The Regulation of Shadow Banking in China : International and Comparative Perspectives
Huang, (Robin) Hui - 2015
, however, have focused on advanced economies, such the US and EU; much less has been written about China, despite its rising … economic power. This paper represents an attempt to fill this research gap, assessing China's regulation of shadow banking from … international and comparative perspectives. Shadow banking has grown rapidly in China over the past few years, which exhibits …
Persistent link: https://www.econbiz.de/10013015713
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Crises in the modern financial ecosystem
Di Iasio, Giovanni; Pozsar, Zoltan - 2017
We build a moral hazard model to study incentives of financial intermediaries (shortly, bankers) facing a leverage-insurance trade-off in their investment choice. We demonstrate that the choice is affected by two recent transformations of the financial ecosystem bankers inhabit: (i) the rise of...
Persistent link: https://www.econbiz.de/10011978393
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Macroprudential regulation and leakage to the shadow banking sector
Gebauer, Stefan; Mazelis, Falk - 2019
Macroprudential policies for financial institutions have received increasing prominence since the global financial crisis. These policies are often aimed at the commercial banking sector, while a host of other non-bank financial institutions, or shadow banks, may not fall under their...
Persistent link: https://www.econbiz.de/10012035452
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The Law and Economics of Shadow Banking
Pacces, Alessio M. - 2017
This essay discusses the economic case for regulating shadow banking. Focusing on systemic risk, shadow banking is defined as leveraging on collateral to support liquidity promises. Regulating shadow banking is efficient because of the negative externality stemming from systemic risk. However,...
Persistent link: https://www.econbiz.de/10012967040
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Macroprudential Regulation and Leakage to the Shadow Banking Sector
Gebauer, Stefan - 2019
Macroprudential policies for financial institutions have received increasing prominence since the global financial crisis. These policies are often aimed at the commercial banking sector, while a host of other non-bank financial institutions, or shadow banks, may not fall under their...
Persistent link: https://www.econbiz.de/10012865068
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Extending financialisation and increasing fragility of the financial system
Iancu, Aurel - 2013
Financialisation is a complex and dynamic process of enlarging the monetary and financial relations in economy and society. This paper deals with the analysis of the financial market structure such as: the role and magnitude of financial sectors, the dynamics of the banking sector versus the...
Persistent link: https://www.econbiz.de/10010529060