Shadow Banking: Economics and Policy

37 Pages Posted: 11 Dec 2012

See all articles by Stijn Claessens

Stijn Claessens

Bank for International Settlements (BIS)

Zoltan Pozsar

International Monetary Fund (IMF)

Lev Ratnovski

International Monetary Fund

Manmohan Singh

International Monetary Fund (IMF)

Date Written: December 4, 2012

Abstract

The paper focuses on two functions of shadow banking: securitization and collateral intermediation. It describes operations of the shadow banking system, demand factors, systemic risks, and associated policy priorities.

Keywords: shadow banking, securitization, collateral, systemic risk

JEL Classification: G21, G23, G24, G28

Suggested Citation

Claessens, Stijn and Pozsar, Zoltan and Ratnovski, Lev and Singh, Manmohan, Shadow Banking: Economics and Policy (December 4, 2012). Available at SSRN: https://ssrn.com/abstract=2187661 or http://dx.doi.org/10.2139/ssrn.2187661

Stijn Claessens

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
CH-4002 Basel
Switzerland

Zoltan Pozsar

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Lev Ratnovski (Contact Author)

International Monetary Fund ( email )

700 19th Street, N.W.
Washington, DC 20431
United States
+1 202 623 8213 (Phone)

HOME PAGE: http://ratnovski.googlepages.com

Manmohan Singh

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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