Shadow Banking: Economics and Policy

Stijn Claessens (), Lev Ratnovski () and Manmohan Singh

No 2012/012, IMF Staff Discussion Notes from International Monetary Fund

Abstract: This note outlines the basic economics of the shadow banking system, highlights (systemic) risks related to it, and suggests implications for measurement and regulatory approaches.

Keywords: SDN; dealer bank; hedge fund; bank holding; dealer-bank business model; financial system; interest rate; private sector; securitization process; short-term debt; U.S. dollar; Shadow banking; financial stability; macroprudential regulation; macroeconomic policy; monetary policy; asset management complex; Collateral; Commercial banks; Securitization; Systemic risk; Global (search for similar items in EconPapers)
Pages: 37
Date: 2012-12-04
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Citations: View citations in EconPapers (61)

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