000 02302nam a22003498i 4500
001 CR9781316676837
003 UkCbUP
005 20240301142640.0
006 m|||||o||d||||||||
007 cr||||||||||||
008 151215s2018||||enk o ||1 0|eng|d
020 _a9781316676837 (ebook)
020 _z9781107161986 (hardback)
020 _z9781316614167 (paperback)
040 _aUkCbUP
_beng
_erda
_cUkCbUP
050 4 _aHG173
_b.T45 2018
082 0 4 _a332.1
_223
100 1 _aThiemann, Matthias,
_eauthor.
245 1 4 _aThe growth of shadow banking :
_ba comparative institutional analysis /
_cMatthias Thiemann.
264 1 _aCambridge :
_bCambridge University Press,
_c2018.
300 _a1 online resource (xv, 289 pages) :
_bdigital, PDF file(s).
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
500 _aTitle from publisher's bibliographic system (viewed on 01 Aug 2018).
520 _aThe '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.
650 0 _aNonbank financial institutions.
650 0 _aFinancial services industry$xLaw and legislation.
650 0 _aBanks and banking.
776 0 8 _iPrint version:
_z9781107161986
856 4 0 _uhttps://doi.org/10.1017/9781316676837
999 _c10042
_d10042