Shadow Banking: The Emergence, Development, and Regulation

Longsheng Chen
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Longsheng Chen: University of Glasgow, Adam Smith Business School

A chapter in Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023), 2023, pp 42-56 from Springer

Abstract: Abstract Since the 1980s, shadow banking has emerged and rapidly developed due to the rapid progress in financial liberalization and innovation in financial instruments, thereby fostering the prosperity of the global financial market. This study begins by examining the emergence and development of the shadow banking system, analyzing its classification and operational mechanism, and comparing specific manifestations across different countries. Building upon this foundation, it explores both positive and negative economic effects brought about by shadow banking while specifically addressing challenges and opportunities within China's current economic landscape. Furthermore, it compares distinct measures taken for macro supervision and examination of shadow banking in major economies worldwide. Based on these considerations, along with China’s national circumstances, this paper examines certain shortcomings and deficiencies in the current regulatory framework about this matter ultimately proposing appropriate measures and recommendations.

Keywords: Shadow banking; Risk analysis; Mechanism of operation; Macroprudential regulation (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-298-9_6

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DOI: 10.2991/978-94-6463-298-9_6

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