Arbeitspapier
Shadow Banking and Traditional Bank Lending: The Role of Implicit Guarantees
Bank holding companies (BHCs) invest in risky projects through bank entities or sell projects for a fee, thus engaging in shadow banking. BHCs can increase their fee income by guaranteeing sold projects with a recourse to the bank's balance sheet. When the expected guarantee repayments depend on total bank proceeds (high capital requirements), BHCs have incentives to increase their bank investments to raise the demand for offbalance projects. The amount of credit in the economy increases, bank defaults are more frequent, and the costs of deposit insurance increase. BHCs with large banks offer higher guarantees than BHCs with small banks, and they dominate the shadow banking sector.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. 14-035/VI/DSF74
- Klassifikation
-
Wirtschaft
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors
Financial Institutions and Services: Government Policy and Regulation
- Thema
-
shadow banking
implicit recourse
special purpose vehicles
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gornicka, Lucyna
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Gornicka, Lucyna
- Tinbergen Institute
Entstanden
- 2014
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