Commercial Banking and Shadow Banking: The Accelerating Integration of Banks and Markets and Its Implications for Regulation

The Oxford Handbook of Banking, Third Edition, 2018/19 Forthcoming

59 Pages Posted: 12 Jan 2018 Last revised: 1 Mar 2019

See all articles by Arnoud W. A. Boot

Arnoud W. A. Boot

University of Amsterdam - Amsterdam Business School; Centre for Economic Policy Research (CEPR); Tinbergen Institute

Anjan V. Thakor

Washington University, Saint Louis - John M. Olin School of Business; European Corporate Governance Institute (ECGI)

Multiple version iconThere are 3 versions of this paper

Date Written: January 9, 2018

Abstract

This paper examines the ongoing integration of banks and markets through the blurring of boundaries between them. It considers how this integration affects the raison d’etre of banks and its implications for the future evolution of banks, systemic risk and prudential regulation. Shadow banks, PE firms and credit rating agencies, as well as their relationship to banks, are discussed.

Keywords: commercial banking, shadow banking, PE firms, credit rating agencies

JEL Classification: D02, G1, G2

Suggested Citation

Boot, Arnoud W. A. and Thakor, Anjan V., Commercial Banking and Shadow Banking: The Accelerating Integration of Banks and Markets and Its Implications for Regulation (January 9, 2018). The Oxford Handbook of Banking, Third Edition, 2018/19 Forthcoming, Available at SSRN: https://ssrn.com/abstract=3099114 or http://dx.doi.org/10.2139/ssrn.3099114

Arnoud W. A. Boot

University of Amsterdam - Amsterdam Business School ( email )

Roetersstraat 11
Amsterdam, 1018 WB
Netherlands
+31 20 525 4162 (Phone)
+31 20 525 5318 (Fax)

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

Tinbergen Institute ( email )

Burg. Oudlaan 50
Rotterdam, 3062 PA
Netherlands

Anjan V. Thakor (Contact Author)

Washington University, Saint Louis - John M. Olin School of Business ( email )

One Brookings Drive
Campus Box 1133
St. Louis, MO 63130-4899
United States

European Corporate Governance Institute (ECGI) ( email )

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

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