EconPapers    
Economics at your fingertips  
 

The Shadow Banking System. Can it be regulated?

Dominique Plihon ()
Additional contact information
Dominique Plihon: Centre d'Economie de l'Université de Paris Nord (CEPN)

CEPN Policy Brief, 2013, vol. 1, 1-4

Abstract: The subprime crisis that erupted in 2007 revealed the existence of a financial system parallel to the traditional banking system, known as the "shadow banking system" (SBS). The SBS can be defined as a system of financial intermediation encompassing those entities which lie outside the traditional banking sector but which perform partly similar functions.1 The SBS is comprised of organisations involved in highly leveraged operations which do not have direct access to deposit insurance or to central bank refinancing, and which are not subject to prudential supervision. Investment banks, hedge funds, investment funds (mutual funds, pension funds, insurance companies), private equity funds and structured investment vehicles all participate in the SBS.

Keywords: Finance; shadow banking (search for similar items in EconPapers)
JEL-codes: E50 (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
https://cepn.univ-paris13.fr/7688-2/ (text/html)
https://cepn.univ-paris13.fr/download-attachment/8228/ (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:upn:policy:2013-01:en

Access Statistics for this article

More articles in CEPN Policy Brief from Centre d'Economie de l'Université de Paris Nord Contact information at EDIRC.
Series data maintained by Pascal Seppecher ().

 
Page updated 2017-09-29
Handle: RePEc:upn:policy:2013-01:en