An Objective Assessment of the Current “Shadow Banking System” from the Perspective of Financial Structure Evolution

Shusong Ba ()

Chapter Chapter 45 in The New Cycle and New Finance in China, 2022, pp 367-374 from Springer

Abstract: Abstract The concept of shadow banking system has different meanings in different financial structures. In terms of the main characteristics of shadow banking system, although the shadow banking system in China features liquid transformation and credit risk, on the whole, it has been included in the regular regulatory system, without the typical characteristics of high leverage and maturity mismatch that may trigger systemic risks. And its size and risks also have not produced a huge impact on systemic risks. Therefore, the current shadow banking system is more one of the manifestations in the process of the financial structure development and diversified financing. The concept of shadow banking system should be phased out, the risk characteristics and functional efficiency of these financial innovations should be classified for discussion, and different regulatory risk policies should be adopted to improve the financial structure while guarding against systemic risks.

Keywords: Financial structure; Shadow banking system (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-8209-4_45

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DOI: 10.1007/978-981-16-8209-4_45

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