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Financing Competitors: Shadow Banks' Funding and Mortgage Market Competition.
Publication Type: Academic Journal
Source(s): Review of Financial Studies. Oct2023, Vol. 36 Issue 10, p3861-3905. 45p.
Abstract: Using novel shadow bank funding data, I find that shadow banks are funded by the very banks they compete with when originating mortgages. Evidence suggests that banks have market power in the upstream market for shadow banks' funding, which in turn sof...
Do Shadow Banking Depositors Discipline the Market?
Publication Type: Academic Journal
Source(s): Australasian Accounting Business & Finance Journal. Jul2023, Vol. 17 Issue 4, p37-59. 23p.
Abstract: The shadow banking sector comprises non-bank financial institutions that do not have a deposit guarantee and are barely supervised by the regulator. Efforts to monitor shadow banking must be done well, in both developed and developing countries. Regula...
Why Do Firms Borrow Directly from Nonbanks?
Publication Type: Academic Journal
Source(s): Review of Financial Studies. Nov2022, Vol. 35 Issue 11, p4902-4947. 46p.
Abstract: Analyzing hand-collected credit agreements for a sample of middle-market firms over 2010–2015, we find that one-third of all loans are directly extended by nonbank financial intermediaries. Two-thirds of such nonbank lending can be attributed to bank r...
Financial crises and shadow banks: A quantitative analysis.
Publication Type: Academic Journal
Source(s): Journal of Monetary Economics. Oct2023, Vol. 139, p74-92. 19p.
Abstract: • Build-up of leverage in the shadow banking sector before financial crisis in 2008. • Nonlinear macroeconomic model featuring excessive leverage and endogenous runs. • The model is taken to U.S. data to estimate the build-up of financial fragility. • ...
Exploring Systemic Risk Measurement Issues in Shadow Banks: A Case of an Emerging Economy.
Publication Type: Academic Journal
Source(s): South Asian Journal of Macroeconomics & Public Finance. Dec2023, Vol. 12 Issue 2, p186-217. 32p.
Abstract: The development of shadow banks, their exaggerated growth rate and the activities outside the regulatory purview gained prominence. Their activities have the ability to disrupt financial stability. India is one of the countries that has registered the ...
The contribution of shadow banking risk spillover to the commercial banks in China: based on the DCC-BEKK-MVGARCH-Time-Varying CoVaR Model.
Publication Type: Academic Journal
Source(s): Electronic Commerce Research. Dec2023, Vol. 23 Issue 4, p2153-2181. 29p.
Abstract: In recent years, with the rapid expansion of commercial banks' non-standardized business, the systematic correlation between shadow banking and commercial banks in China has been gradually enhanced, which enables the partial liquidity crisis of shadow ...
The impact of bank competition on bank stability in Vietnam: The moderating role of shadow banking.
Publication Type: Academic Journal
Source(s): Cogent Business & Management. Dec2023, Vol. 10 Issue 2, p1-25. 25p.
Abstract: This paper aims to examine the moderating role of shadow banking in relation to the impact of bank competition on bank stability over a period from 2016 to 2021 in Vietnam. After building a bank stability index by combining the principal components of ...
THE IMPACT OF THE 2008-2009 GLOBAL CRISIS ON RETAILERS' AND CORE INDUSTRY FIRMS' BANKING RELATIONSHIPS.
Publication Type: Academic Journal
Source(s): Annals of 'Constantin Brancusi' University of Targu-Jiu. Economy Series / Analele Universităţii 'Constantin Brâncuşi' din Târgu-Jiu Seria Economie. Oct2022, Issue 5, p16-23. 8p.
Abstract: In this study, we examine how retailers and core industry firms changed their banking relationships after the global crisis in 2008-2009. We use the BEEPS IV and BEEPS V (i.e. Business Environment and Enterprise Performance Survey) surveys to compare t...
MODERN ARCHITECTURE OF THE INFRASTRUCTURE OF UKRAINE AND ITS DEVELOPMENT STRATEGY IN THE POST-WAR PERIOD.
Publication Type: Academic Journal
Source(s): Financial & Credit Activity: Problems of Theory & Practice. 2023, Vol. 4 Issue 52, p299-313. 15p.
Abstract: The main components of the infrastructure are considered: education, housing and communal services, communication, medical, transport, recreation system, ecology, social security, and culture. The infrastructure of the regions was analyzed and the main...
Implicit guarantees and the rise of shadow banking: The case of trust products.
Publication Type: Academic Journal
Source(s): Journal of Financial Economics. Aug2023, Vol. 149 Issue 2, p115-141. 27p.
Abstract: Implicit guarantees provided by financial intermediaries are a key component of China's shadow banking sector. We show theoretically that project screening by intermediaries, accompanied by their implicit guarantees to investors, can be the second-best...