Arbeitspapier

Shadow banking regulation

Shadow banks conduct credit intermediation without direct, explicit access to public sources of liquidity and credit guarantees. Shadow banks contributed to the credit boom in the early 2000s and collapsed during the financial crisis of 2007-09. We review the rapidly growing literature on shadow banking and provide a conceptual framework for its regulation. Since the financial crisis, regulatory reform efforts have aimed at strengthening the stability of the shadow banking system. We review the implications of these reform efforts for shadow funding sources including asset-backed commercial paper, triparty repurchase agreements, money market mutual funds, and securitization. Despite significant efforts by lawmakers, regulators, and accountants, we find that progress in achieving a more stable shadow banking system has been uneven.

Sprache
Englisch

Erschienen in
Series: Staff Report ; No. 559

Klassifikation
Wirtschaft
Financial Institutions and Services: Government Policy and Regulation
Financial Institutions and Services: General
Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
Financial Crises
Thema
shadow banking
financial regulation

Ereignis
Geistige Schöpfung
(wer)
Adrian, Tobias
Ashcraft, Adam B.
Ereignis
Veröffentlichung
(wer)
Federal Reserve Bank of New York
(wo)
New York, NY
(wann)
2012

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.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Adrian, Tobias
  • Ashcraft, Adam B.
  • Federal Reserve Bank of New York

Entstanden

  • 2012

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