Are Shadow Banks Hiding in Croatia as Well?

Mirna Dumicic Jemric and Tomislav Ridzak

No 20, Surveys from The Croatian National Bank, Croatia

Abstract: This paper aims to shed some light on the term shadow banking and the importance of examining shadow banks and their activities from the point of view of financial stability. In this context, an analysis was made of the domestic financial system and business practices in order to assess the role of shadow banks in Croatia and identify systemic risks that may arise from that source. The analysis results suggest that the share of non-bank financial institutions and the maturity structure of their liabilities and claims do not currently pose a risk that could threaten financial stability. However, potential systemic risks are associated with the high level of shortterm exposures of non-bank financial institutions to banks, the substantial exposure of some of them to the government, and the strong reliance of some institutions on foreign financing sources. The group of other financial intermediaries, including leasing, factoring and credit unions, stands out among the most risky institutions.

Keywords: shadow banks; banking sector; non-bank financial institutions; macroprudential policy; financial stability; systemic risks; Croatia (search for similar items in EconPapers)
JEL-codes: E51 F34 G01 G21 G23 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2016-11
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.hnb.hr/repec/hnb/wpaper/pdf/s-020.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.hnb.hr/repec/hnb/wpaper/pdf/s-020.pdf [302 Moved Temporarily]--> https://www.hnb.hr/repec/hnb/wpaper/pdf/s-020.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:hnb:survey:20

Access Statistics for this paper

More papers in Surveys from The Croatian National Bank, Croatia
Bibliographic data for series maintained by Romana Sinković ().