The growth of shadow banking: a comparative institutional analysis

The 'shadow banking system' refers to a system of credit-provision occurring outside of the official regulatory perimeter of commercial banks. Facilitated by securitization vehicles, mutual funds, hedge funds, investment banks and mortgage companies, the function and regulation of these sh...

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Bibliographic Details
Main Author: Thiemann, Matthias (Author)
Format: Electronic eBook
Language:English
Published: Cambridge Cambridge University Press 2018
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Online Access:BSB01
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Summary:The 'shadow banking system' refers to a system of credit-provision occurring outside of the official regulatory perimeter of commercial banks. Facilitated by securitization vehicles, mutual funds, hedge funds, investment banks and mortgage companies, the function and regulation of these shadow banking institutions has come under increasing scrutiny after the subprime crisis of 2007-8. Matthias Thiemann examines how regulators came to tolerate the emergence of links between the banking and shadow banking systems. Through a comparative analysis of the US, France, the Netherlands and Germany, he argues that fractured domestic and global governance systems determining the regulatory approach to these links ultimately aggravated the recent financial crisis. Since 2008, shadow banking has even expanded and the incentives for banks to bend the rules have only increased with increasing regulation. Thiemann's empirical work suggests how state-finance relations could be restructured to keep the banking system under state control and avoid future financial collapses
Item Description:Title from publisher's bibliographic system (viewed on 01 Aug 2018)
Physical Description:1 online resource (xv, 289 pages)
ISBN:9781316676837
DOI:10.1017/9781316676837

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