Twists of Monetary Policy and of Supervision

Dimitris N. Chorafas

Chapter 4 in Financial Cycles, 2015, pp 69-87 from Palgrave Macmillan

Abstract: Abstract Engineered by the so-called nonbank banks, the shadow banking system operates globally. Many of its activities are similar to those of legacy banking operations, but its players escape prudential supervision. The institutions that are part of shadow banking take deposits, under different schemes, and give loans. They do so outside the regulated banking activities, hence the reference to shadow banking.

Keywords: Monetary Policy; Central Bank; European Banking Authority; Single Supervisory Mechanism; Shadow Banking (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-49798-7_4

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DOI: 10.1057/9781137497987_4

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