- 308 pages
- English
- PDF
- Available on iOS & Android
eBook - PDF
About this book
The '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.
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Information
Table of contents
- Cover
- Half-title
- Title page
- Copyright information
- Dedication
- Table of contents
- Preface
- 1 States and the Regulation of a Globalized Finance
- 2 The ABCP Market at the Heart of Shadow Banking and the Financial Crisis
- 3 How to Explain the Absence of Regulatory Action on Shadow Banking: Situating Regulators in Their...
- 4 The Transformation of US Financial Markets since the 1960s and the Emergence and Growth of the ABCP Market
- 5 In the Shadow of Basel
- 6 Converging Procedures or Standards?: The Challenge of the IASC and...
- 7 Steering Finance toward Prudence: The Role of Banking Regulators in the...
- 8 The Fate of the Bank-Based Shadow Banking System Postcrisis
- 9 Conclusion: Changing the Façade, but Not the Structure...
- Appendix A: Interview Data
- Appendix B
- References
- Index
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Yes, you can access The Growth of Shadow Banking by Matthias Thiemann in PDF and/or ePUB format, as well as other popular books in Business & Finance. We have over 1.5 million books available in our catalogue for you to explore.