The Growth of Shadow Banking : A Comparative Institutional Analysis / Matthias Thiemann.
2018
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Details
Author
Title
The Growth of Shadow Banking : A Comparative Institutional Analysis / Matthias Thiemann.
Imprint
Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2018.
Description
1 online resource
Formatted Contents Note
1. States and the Regulation of a Globalized Finance; Context Conditions for Regulatory Action
2. The ABCP Market at the Heart of Shadow Banking and the Financial Crisis
3. How to Explain the Absence of Regulatory Action on Shadow Banking: Situating Regulators in their socioeconomic context
4. The Transformation of US Financial Markets since the 1960s and the Emergence and Growth of the ABCP Market
5. In the Shadow of Basel
6. Converging Procedures or Standards? The Challenge of the IASC and Domestic Pathways to Sic 12
7. Steering Finance toward Prudence: The Role of Banking Regulators in the Governance of Compliance Decisions
8. The Fate of the Bank-Based Shadow Banking System Postcrisis
9. Conclusion: Changing the Facade, but not he Structure: The continuing Threat of Shadow Banking.
2. The ABCP Market at the Heart of Shadow Banking and the Financial Crisis
3. How to Explain the Absence of Regulatory Action on Shadow Banking: Situating Regulators in their socioeconomic context
4. The Transformation of US Financial Markets since the 1960s and the Emergence and Growth of the ABCP Market
5. In the Shadow of Basel
6. Converging Procedures or Standards? The Challenge of the IASC and Domestic Pathways to Sic 12
7. Steering Finance toward Prudence: The Role of Banking Regulators in the Governance of Compliance Decisions
8. The Fate of the Bank-Based Shadow Banking System Postcrisis
9. Conclusion: Changing the Facade, but not he Structure: The continuing Threat of Shadow Banking.
Summary
"The 'shadow banking system' refers to a system of credit-provision occurring outside of the official regulatory perimeter of commercial banks. Facilitated by securitization vehicles, mutual funds, hedge funds, investment banks and mortgage companies, the function and regulation of these shadow banking institutions has come under increasing scrutiny after the subprime crisis of 2007-8. Matthias Thiemann examines how regulators came to tolerate the emergence of links between the banking and shadow banking systems. Through a comparative analysis of the US, France, the Netherlands and Germany, he argues that fractured domestic and global governance systems determining the regulatory approach to these links ultimately aggravated the recent financial crisis. Since 2008, shadow banking has even expanded and the incentives for banks to bend the rules have only increased with increasing regulation. Thiemann's empirical work suggests how state-finance relations could be restructured to keep the banking system under state control and avoid future financial collapses."-- Provided by publisher.
Bibliography, etc. Note
Includes bibliographical references and index.
Source of Description
Online resource; title from PDF title page (EBSCO, viewed July 27, 2018).
Available in Other Form
Thiemann, Matthias. Growth of shadow banking. Cambridge, United Kingdom : Cambridge University Press, 2018
Access Note
Access restricted to subscribing institutions.
Linked Resources
Alternate Title
Cambridge Core.
Language
English
ISBN
9781108697750 (electronic book)
1108697755 (electronic book)
1107161983
9781107161986
1108697755 (electronic book)
1107161983
9781107161986
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