Shedding Light on Shadow Banking:
In this paper, we develop an alternative approach to estimate the size of the shadow banking system, using official data reported to the IMF complemented by other data sources. We base our alternative approach on the expansion of the noncore liabilities concept developed in recent literature to enco...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
2015
|
| Series: | IMF Working Papers: Working Paper No. 15 / 1
|
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Summary: | In this paper, we develop an alternative approach to estimate the size of the shadow banking system, using official data reported to the IMF complemented by other data sources. We base our alternative approach on the expansion of the noncore liabilities concept developed in recent literature to encompass all noncore liabilities of both bank and nonbank financial institutions. As opposed to existing measures of shadow banking, our newly developed measures capture nontraditional funding raised by traditional banks. We apply the new approach to 26 jurisdictions and analyze the results over a twelve-year span. We find that noncore liabilities are procyclical and display more volatility than core liabilities for most jurisdictions in the sample. We also compare our measures to existing measures, such as the measure developed by the Financial Stability Board. Our approach can be replicated over time using internationally-comparable data and thus may serve as an operational tool for IMF surveillance and policy analysis |
| Physical Description: | 1 Online-Ressource (43 p) |
| ISBN: | 1498391788 9781498391788 |
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| id | DE-604.BV048355282 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:36Z |
| indexdate | 2024-07-10T09:35:46Z |
| institution | BVB |
| isbn | 1498391788 9781498391788 |
| language | English |
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| oclc_num | 1337140141 |
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| physical | 1 Online-Ressource (43 p) |
| psigel | ZDB-1-IMF |
| publishDate | 2015 |
| publishDateSearch | 2015 |
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| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF Working Papers: Working Paper No. 15 / 1 |
| spelling | Harutyunyan, Artak Verfasser aut Shedding Light on Shadow Banking Harutyunyan, Artak Washington, D.C International Monetary Fund 2015 1 Online-Ressource (43 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers: Working Paper No. 15 / 1 In this paper, we develop an alternative approach to estimate the size of the shadow banking system, using official data reported to the IMF complemented by other data sources. We base our alternative approach on the expansion of the noncore liabilities concept developed in recent literature to encompass all noncore liabilities of both bank and nonbank financial institutions. As opposed to existing measures of shadow banking, our newly developed measures capture nontraditional funding raised by traditional banks. We apply the new approach to 26 jurisdictions and analyze the results over a twelve-year span. We find that noncore liabilities are procyclical and display more volatility than core liabilities for most jurisdictions in the sample. We also compare our measures to existing measures, such as the measure developed by the Financial Stability Board. Our approach can be replicated over time using internationally-comparable data and thus may serve as an operational tool for IMF surveillance and policy analysis Online-Ausg Amidzic, Goran Sonstige oth Massara, Alexander Sonstige oth Ugazio, Giovanni Sonstige oth Walton, Richard Sonstige oth http://elibrary.imf.org/view/IMF001/22236-9781498391788/22236-9781498391788/22236-9781498391788.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Harutyunyan, Artak Shedding Light on Shadow Banking |
| title | Shedding Light on Shadow Banking |
| title_auth | Shedding Light on Shadow Banking |
| title_exact_search | Shedding Light on Shadow Banking |
| title_exact_search_txtP | Shedding Light on Shadow Banking |
| title_full | Shedding Light on Shadow Banking Harutyunyan, Artak |
| title_fullStr | Shedding Light on Shadow Banking Harutyunyan, Artak |
| title_full_unstemmed | Shedding Light on Shadow Banking Harutyunyan, Artak |
| title_short | Shedding Light on Shadow Banking |
| title_sort | shedding light on shadow banking |
| url | http://elibrary.imf.org/view/IMF001/22236-9781498391788/22236-9781498391788/22236-9781498391788.xml |
| work_keys_str_mv | AT harutyunyanartak sheddinglightonshadowbanking AT amidzicgoran sheddinglightonshadowbanking AT massaraalexander sheddinglightonshadowbanking AT ugaziogiovanni sheddinglightonshadowbanking AT waltonrichard sheddinglightonshadowbanking |