La croissance du shadow banking

Adi Sunderam

Revue d'économie financière, 2013, vol. N° 109, issue 1, 53-68

Abstract: The shadow banking system played a critical role in the financial crisis of 2007-2009, but why it grew so rapidly in the pre-crisis period remains an open question. This paper discusses explanations for the growth of the shadow banking system, as well as recent empirical work seeking to evaluate these explanations. Increases in both the demand for and supply of shadow banking claims likely played a role, but relative magnitudes of each remain unclear. Classification JEL: G21, G23, G24.

JEL-codes: G21 G23 G24 (search for similar items in EconPapers)
Date: 2013
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