The Handbook Of Global Shadow Banking Volume I
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The Handbook Of Global Shadow Banking Volume I
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Author : Luc Nijs
language : en
Publisher: Springer Nature
Release Date : 2020-06-30
The Handbook Of Global Shadow Banking Volume I written by Luc Nijs and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-06-30 with Business & Economics categories.
This global handbook provides an up-to-date and comprehensive overview of shadow banking, or market-based finance as it has been recently coined. Engaging in financial intermediary services outside of normal regulatory parameters, the shadow banking sector was arguably a critical factor in causing the 2007-2009 financial crisis. This volume focuses specifically on shadow banking activities, risk, policy and regulatory issues. It evaluates the nexus between policy design and regulatory output around the world, paying attention to the concept of risk in all its dimensions—the legal, financial, market, economic and monetary perspectives. Particular attention is given to spillover risk, contagion risk and systemic risk and their positioning and relevance in shadow banking activities. Newly introduced and incoming policies are evaluated in detail, as well as how risk is managed, observed and assessed, and how new regulation can potentially create new sources of risk. Volume I concludes with analysis of what will and still needs to happen in the event of another crisis. Proposing innovative suggestions for improvement, including a novel Pigovian tax to tame financial and systemic risks, this handbook is a must-read for professionals and policy-makers within the banking sector, as well as those researching economics and finance.
The Handbook Of Global Shadow Banking Volume Ii
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Author : Luc Nijs
language : en
Publisher: Springer Nature
Release Date : 2020-06-30
The Handbook Of Global Shadow Banking Volume Ii written by Luc Nijs and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-06-30 with Business & Economics categories.
This global handbook provides an up-to-date and comprehensive overview of shadow banking, or market-based finance as it has been recently coined. Engaging in financial intermediary services outside of normal regulatory parameters, the shadow banking sector was arguably a critical factor in causing the 2007-2009 financial crisis. This second volume explores three particular domains of shadow banking. The first domain deals with the macro-economic fundamentals of the respective shadow banking segments: Why do they exist, what problems do they solve and why are some of their embedded risks so persistent? The second domain captures the global dimensions of shadow banking markets, reviewing the particularities and specifics of various shadow banking systems around the world. Volume II concludes with an extensive overview of how the sector has changed since the financial crisis, focusing on regulatory arbitrage, contract imperfection and governance. Closing on unresolved issues and open-ended questions that will no doubt remain prominent in the shadow banking sector for years to come, this handbook is a must-read for professionals and policy-makers within the banking sector, as well as those researching economics and finance.
The Handbook Of Global Shadow Banking From Policy To Regulation
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Author : Luc Nijs
language : en
Publisher:
Release Date : 2020
The Handbook Of Global Shadow Banking From Policy To Regulation written by Luc Nijs and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Nonbank financial institutions categories.
Shadow Banking And Financial Risk In Emerging And Developing Markets
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Author : Sheunesu Zhou
language : en
Publisher: Springer Nature
Release Date : 2025-05-20
Shadow Banking And Financial Risk In Emerging And Developing Markets written by Sheunesu Zhou and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-05-20 with Business & Economics categories.
This book discusses non-bank financial intermediation as an alternative or complement to formal banking. With a focus on emerging and developing economies, which face far greater consequences of high risk taking and withdrawal of credit from their financial systems, the book starts with an overview of non-bank financial intermediation, including shadow banking activities, instruments and functions. It covers the main types of activities classified under non-bank financial intermediation and the different players in the non-bank financial system. The interconnectedness between shadow banking and formal banks and their consequential risks will be analysed. Furthermore, the book analyses recent data on shadow banking with a view to estimate the extent of riskiness in shadow banking activities. Analysis of risk spill overs between the formal banking system and shadow banks will be conducted and contribution of shadow banking to systemic risk metrics will also be analysed. This book discusses non-bank financial intermediation as an alternative or complement to formal banking. With a focus on emerging and developing economies, which face far greater consequences of high risk taking and withdrawal of credit from their financial systems, the book starts with an overview of non-bank financial intermediation, including shadow banking activities, instruments and functions. It covers the main types of activities classified under non-bank financial intermediation and the different players in the non-bank financial system. The interconnectedness between shadow banking and formal banks and their consequential risks will be analysed. Furthermore, the book analyses recent data on shadow banking with a view to estimate the extent of riskiness in shadow banking activities. Analysis of risk spillovers between the formal banking system and shadow banks will be conducted and contribution of shadow banking to systemic risk metrics is also presented.
The Nexus Between Legal Pluralism And Inclusive Finance
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Author : Gebreyesus Yimer
language : en
Publisher: Springer Nature
Release Date : 2024-12-10
The Nexus Between Legal Pluralism And Inclusive Finance written by Gebreyesus Yimer and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-12-10 with Law categories.
This open access book provides detailed information on informal credit markets in Africa and how various legal systems affect these markets. Laws that impose strict formalism exclude many people from the financial system. The lessons learned from the informal credit markets in Ethiopia and South Africa indicate that pluralism offers better opportunities for people to access affordable and sustainable financial services. Inclusive legal systems promote inclusive financial systems. Therefore, international development organisations, financial institutions, international financial policymakers and standard setters should embrace pluralism to foster sustainable, inclusive and equitable financial systems. Pluralism recognises local innovation and creativity, which are vital for inclusive financial systems to flourish. In developing countries, many people who have no or only limited access to the services of official financial institutions often depend on informal credit markets. National law is the most critical element in terms of determining the operations of informal credit markets, defining the boundaries between formal and informal markets, and shaping the consequences of involvement in informal credit markets. This book will interest researchers, scholars, and students in the fields of legal theory, law and society, law and anthropology, legal pluralism, law and culture, and African law. However, its relevance extends beyond academia, offering policymakers involved in inclusive finance, law and development, and financial regulation in developing countries valuable insights and perspectives to inform their decisions and strategies.
Handbook Of Global Economic Governance
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Author : Manuela Moschella
language : en
Publisher: Routledge
Release Date : 2013-12-17
Handbook Of Global Economic Governance written by Manuela Moschella and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-17 with Reference categories.
Since the summer of 2007, the world scenario has been dominated by the US sub-prime mortgage crisis and its repercussions on global financial markets and economic growth. As banks around the world wrote down their losses and governments intervened to rescue domestic financial institutions, financial distress severely hit the real economy leading to what has been widely defined as the worst recession since the 1930s. Under these conditions, along with the immediate concern for stemming the effects of the crisis, policy-makers around the world have been debating the long-term measures that have to be adopted in order to reduce the likelihood of future crises and to ensure stable economic growth. Although this debate has not yet produced significant transformations, it indicates a renewed concern about the institutional architecture that is meant to govern the global economic and financial system. This book tackles the issue of what the governance of the global economic and financial system looks like and what the prospects for its reform are. Specifically, the book will address the following three main themes: Governance: What is governance in the international economic system? What forms does it take? How did it come about? How can we study it?; Functions of governance: What are the functions of global economic governance? Who performs them? What are the rules and mechanisms that make global governance possible? Problems and prospects of governance: What are the problems in global economic governance? Is there a trade-off between legitimacy and efficiency? What are the prospects for reform of global economic governance in the aftermath of the global financial crisis? This book will: _ Provide a thorough analysis of the issues at stake in designing international rules and institutions able to govern the global economy; _ Illustrate and analyze virtually all the main institutions, rules, and arrangements that make up global economic governance, inscribing them within the function these institutions, rules, and arrangements are meant to perform; _ Discuss the problems that affect today’s global economic governance and assess alternative proposals to reform the international financial architecture.
Neoliberalism 2 0 Regulating And Financing Globalizing Markets
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Author : L. Nijs
language : en
Publisher: Springer
Release Date : 2016-01-26
Neoliberalism 2 0 Regulating And Financing Globalizing Markets written by L. Nijs and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-01-26 with Business & Economics categories.
In today's increasingly globalized environment, many economic fundamentals need to be reconsidered in order to regain stability in the global marketplace. One such consideration is the failing dynamics of the international tax infrastructure. Neoliberalism 2.0 brings a 21st century assessment of the Pigovian taxes, considering a completely new calibration of the international tax systems, inspired by the historically developed Pigovian tax model. The book considers the impact neoliberalism had and will have on regulatory infrastructure, democracy in an era of globalization and reduced legitimation of the national state. The Pigovian model brings home the often forgotten relationship between taxation (as a part of the regulatory sphere), macro-economics, and the political-philosophical context in which law and economics emerge. The model also takes into account the phenomena of globalization and financialization and is tested using the financial sector as an example. This book addresses the many challenges a Pigovian shift would imply for the sovereign and its national economies. Neoliberalism 2.0 demonstrates the ability to design a paradigm-changing alternative to the current tax infrastructure, while taking into account a low economic growth environment of the future, the implications of globalization and the changing relationship between citizens and their state.
The Oxford Handbook Of Financial Regulation
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Author : Niamh Moloney
language : en
Publisher: OUP Oxford
Release Date : 2015-08-27
The Oxford Handbook Of Financial Regulation written by Niamh Moloney and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-08-27 with Law categories.
The financial system and its regulation have undergone exponential growth and dramatic reform over the last thirty years. This period has witnessed major developments in the nature and intensity of financial markets, as well as repeated cycles of regulatory reform and development, often linked to crisis conditions. The recent financial crisis has led to unparalleled interest in financial regulation from policymakers, economists, legal practitioners, and the academic community, and has prompted large-scale regulatory reform. The Oxford Handbook of Financial Regulation is the first comprehensive, authoritative, and state of the art account of the nature of financial regulation. Written by an international team of leading scholars in the field, it takes a contextual and comparative approach to examine scholarly, policy, and regulatory developments in the past three decades. The first three parts of the Handbook address the underpinning horizontal themes which arise in financial regulation: financial systems and regulation; the organization of financial system regulation, including regional examples from the EU and the US; and the delivery of outcomes and regulatory techniques. The final three Parts address the perennial objectives of financial regulation, widely regarded as the anchors of financial regulation internationally: financial stability, market efficiency, integrity, and transparency; and consumer protection. The Oxford Handbook of Financial Regulation is an invaluable resource for scholars and students of financial regulation, economists, policy-makers and regulators.
Research Handbook On Asian Financial Law
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Author : Douglas W. Arner
language : en
Publisher: Edward Elgar Publishing
Release Date : 2020-01-31
Research Handbook On Asian Financial Law written by Douglas W. Arner and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-31 with Law categories.
This comprehensive Research Handbook provides an in-depth analysis of the different financial law approaches, legal systems and trends throughout Asia. It considers how reforms following the crises have been critical for the development and growth of the region and explores a broad range of post-crisis financial regulatory issues. This timely book also examines how inconsistent and divergent approaches to financial market regulation are curtailing the region’s potential.
Shadow Banking In China
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Author : Andrew Sheng
language : en
Publisher: John Wiley & Sons
Release Date : 2016-05-09
Shadow Banking In China written by Andrew Sheng and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-09 with Business & Economics categories.
An authoritative guide to the rise of Chinese shadow banking and its systemic implications Shadow Banking in China examines this rapidly growing sector in the Chinese economy, and what it means for your investments. Written by two world-class experts in Chinese banking, including the Chief Advisor to the China Banking Regulatory Commission and former Chairman of the Securities and Futures Commission in Hong Kong, this book is unique in providing true, first-hand perspectives from authorities within the world's largest economy. There is little widely-available information on China's shadow banking developments, and much of it is rife with disparate data, inaccuracies and overblown risks due to definitional and measurement differences. This book clears the confusion by supplying accurate information, on-the-ground context and invaluable national balance sheet analysis you won't find anywhere else. Shadow banking has grown to be a key source of credit in China, and a major component of the economy. This book serves as a primer for analysts and investors seeking real, useful information about the sector to better inform investment decisions. Discover what's driving the growth of shadow banking in China Learn the truth about both real and inflated risks Dig into popular rhetoric and clarify common misconceptions Access valuable data previously not published in English Despite shadow banking's critical influence on the Chinese economy, there have been very few official studies and even fewer books written on the subject. Understanding China's present-day economy and forecasting its future requires an in-depth understanding of shadow banking and its inter-relationship with the banking system and other sectors. Shadow Banking in China provides authoritative reference that will prove valuable to anyone with financial interests in China.