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Twists of Monetary Policy and of Supervision

In: Financial Cycles

Author

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  • Dimitris N. Chorafas

Abstract

Engineered by the so-called nonbank banks, the shadow banking system operates globally. Many of its activities are similar to those of legacy banking operations, but its players escape prudential supervision. The institutions that are part of shadow banking take deposits, under different schemes, and give loans. They do so outside the regulated banking activities, hence the reference to shadow banking.

Suggested Citation

  • Dimitris N. Chorafas, 2015. "Twists of Monetary Policy and of Supervision," Palgrave Macmillan Books, in: Financial Cycles, chapter 4, pages 69-87, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-49798-7_4
    DOI: 10.1057/9781137497987_4
    as

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