Shadow banking in China has grown very rapidly during the past decade. This paper studies the causes and impending consequences. We begin by documenting important differences in the cross-section of Chinese banks to isolate the regulatory triggers for shadow banking. We then build a model that ra...
In this paper, I argue that shadow banking is not a new phenomenon; it has always been a part of China's financial system since the 1980s, and arose from the need to get around various lending restrictions imposed by the central government on banks. I also emphasize that there are two ...
Second, and in a more general sense, this paper illustrates a fundamental pattern for the rise of shadow banking by comparing China today with the US more than 100 years ago: the financing demand from certain real sectors along with tighter regulations on the traditional banking system promotes ...
作者:Andrew Collier 出版社:Palgrave Macmillan 出版年:2017-4-14 页数:205 定价:USD 79.00 装帧:Hardcover ISBN:9789811029950 豆瓣评分 评价人数不足 评价: 写笔记 写书评 加入购书单 分享到 推荐 + 加入购书单 这本书的其他版本· ···(全部2) Palgrave...
The shadow banking system is a web of specialised financial institutions that channel funding from savers to investors through a range of securitisation and secured funding techniques. Although shadow banks—the institutions that constitute the shadow ba
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(2017) provide a discussion on how financing flexibility may erode the effectiveness of the government’s well-intended policies. In particular, they argue that China’s liberalized financial system, by loosening financial regulations on the shadow banking system, does not allow its government to ...
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We provide an overview of the rapidly evolving literature on shadow credit intermediation. The shadow banking system consists of a web of specialised financial institutions that conduct credit, maturity, and liquidity transformation without direct, expli
Several studies have explored the impact of FinTech innovation on a bank’s risk from the perspective of non-bank FinTech innovation. Online loans illustrate the impacts of FinTech innovation on the traditional banking industry, as the rise of online loans can directly affect a bank's loan ...