The Missing Assets and the Size of Shadow Banking: An Update

3 Pages Posted: 10 Nov 2016

See all articles by Davide Fiaschi

Davide Fiaschi

University of Pisa - Department of Economics

Imre Kondor

Parmenides Foundation

Matteo Marsili

Abdus Salam International Centre for Theoretical Physics (ICTP)

Valerio Volpati

Capital Fund Management

Date Written: November 8, 2016

Abstract

In a recent paper, using data from Forbes Global 2000, we have observed that the upper tail of the firm size distribution (by assets) falls off much faster than a Pareto distribution. The missing mass was suggested as an indicator of the size of the Shadow Banking (SB) sector. This short note provides the latest figures of the missing assets for 2013, 2014 and 2015. In 2013 and 2014 the dynamics of the missing assets continued being strongly correlated with estimates of the size of the SB sector of the Financial Stability Board (FSB). In 2015 we find a sharp decrease in the size of missing assets, suggesting that the SB sector is deflating.

Keywords: Firm Size Distribution, Shadow Banking

JEL Classification: L11, F65

Suggested Citation

Fiaschi, Davide and Kondor, Imre and Marsili, Matteo and Volpati, Valerio, The Missing Assets and the Size of Shadow Banking: An Update (November 8, 2016). Available at SSRN: https://ssrn.com/abstract=2866712 or http://dx.doi.org/10.2139/ssrn.2866712

Davide Fiaschi

University of Pisa - Department of Economics ( email )

Via Ridolfi 10
Pisa, PI 56124
Italy
00390502216208 (Phone)
00390502216384 (Fax)

HOME PAGE: http://www-dse.ec.unipi.it/persone/docenti/fiaschi/index.htm

Imre Kondor

Parmenides Foundation ( email )

Kirchplatz 1
Pullach
Munchen, 82049
Germany

Matteo Marsili (Contact Author)

Abdus Salam International Centre for Theoretical Physics (ICTP) ( email )

Strada Costiera 11
Trieste, 34014
Italy

Valerio Volpati

Capital Fund Management ( email )

23 rue de l'Université
Paris, 75007
France

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