Shadow Banking: Financial Capitalism and Banking

Le shadow banking: forme structurelle du capitalisme bancaire financiarisé

Yamina Tadjeddine

Post-Print from HAL

Abstract: The 2008 crisis had stigmatized the shadow banking system as resulting of deviant behavior of banks seeking to take advantage of regulatory loopholes. Some had called for its disappearance. Far from having disappeared, shadow banking in 2021 can no longer be approached as a marginal phenomenon. It must now be analyzed as the structural form of the contemporary financial and banking system: it shapes the role and functions of the members of the system, ensures its viability but is also at the heart of its fragility. This article highlights the essential role of shadow banking in transforming the hierarchy of monetary liquidity (Part 1) and in maintaining banking and financial activities despite a deteriorated economic context (Part 2).

Keywords: Shadow-banking; 2008 crisis; Crise financière de 2008 (search for similar items in EconPapers)
Date: 2021-06-30
References: Add references at CitEc
Citations:

Published in Revue d'économie financière, 2021, 2 (142), pp.49-61. ⟨10.3917/ecofi.142.0049⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:hal:journl:hal-03328158

DOI: 10.3917/ecofi.142.0049

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().