Title
Shadow banking, Chinese style
Document Type
Journal article
Source Publication
Economic Affairs
Publication Date
10-1-2014
Volume
34
Issue
3
First Page
340
Last Page
352
Keywords
Credit intermediation, People's Bank, Securitisation, Shadow banking
Abstract
Shadow banks are broadly defined as entities which conduct credit intermediation outside the formal banking system. Poorly regulated, engaging in opaque forms of intermediation, deeply interconnected with the official banking system, and operating with implicit government guarantees, they pose a major source of systemic risk. Yet shadow banks provide an important service by channeling credit to excluded investors, and can complement the formal banking sector. What explains the rapid proliferation of shadow banks in China? How large are they and what forms do they take? What types of risks do they pose to the financial system? And how best can China utilise the services of shadow banks while at the same time ensuring that they do not create systemic risks for the financial system?
DOI
10.1111/ecaf.12086
Print ISSN
02650665
E-ISSN
14680270
Publisher Statement
Copyright © 2014 Institute of Economic Affairs
Access to external full text or publisher's version may require subscription.
Full-text Version
Publisher’s Version
Language
English
Recommended Citation
Shalendra, D. S. (2014). Shadow banking, Chinese style. Economic Affairs, 34(3), 340-352. doi: 10.1111/ecaf.12086
