Series: IMF Working Papers
Author(s): Manmohan Singh , and Zoltan Pozsar
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2011
Keywords: shadow banking system, rehypothecation, collateral, maturity transformation, banking, banking system, banking sector, holding company, Financial Institutions and Services: Government Policy and Regulation, International Monetary Arrangements and Institutions
The present way of thinking about financial intermediation does not fully incorporate the rise of asset managers as a major source of funding for banks through the shadow banking system. Asset managers are dominant...