The Shadow Banking System as an Alternative Source of Liquidity

Valerio Lemma
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Valerio Lemma: Marconi University of Rome

Chapter 2 in The Shadow Banking System, 2016, pp 37-61 from Palgrave Macmillan

Abstract: Abstract This chapter considers the key economic drivers of shadow banking. It begins by examining the efficiencies of this system, that are the rationale for the bundling of activities that we define as market-based financing. The chapter goes on to take into account the market failures amplified by the shadows, focusing on asymmetric information, lack of transparency, and market instability.

Keywords: Monetary Policy; Banking System; Real Economy; Maturity Transformation; Economic Determinant (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-49613-3_3

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DOI: 10.1057/9781137496133_3

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