Shadow Banking

Nektarios Michail

Chapter Chapter 10 in Money, Credit, and Crises, 2021, pp 183-197 from Springer

Abstract: Abstract The innovative nature of securitization and the comparatively higher returns of structured products made more and more investors willing to participate in such deals. As a result, a variety of firms are now performing bank-like activities without being themselves part of the banking sector, comprising of what has come to be known as “shadow banking”, a term that has only recently entered the financial lexicon. Before reaching a proper definition, this chapter builds on the previous two chapters and further elaborates on the institutions which comprise the shadow banking system. The chapter ends with a discussion on why shadow banking matters for the economy.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-64384-3_10

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DOI: 10.1007/978-3-030-64384-3_10

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