Series: Staff Discussion Notes
Author(s): Stijn Claessens , Lev Ratnovski , and Manmohan Singh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 04 December 2012
Keywords: Financial stability, Financial crises, Central banks and their policies, Shadow banking, macroprudential regulation, macroeconomic policy, banking, banking system, bank for international settlements, banking activities
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....