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The Shadow Banking System - Survey and Typological Framework


  • Jenny Poschmann

    () (School of Economics and Business Administration, Friedrich-Schiller-University Jena)


Even though the sector of Non-bank financial intermediaries (NBFI) or shadow banks represent a large part of the contemporary financial system, these institutions received almost no attention in macroeconomic studies so far. Their presence has significant influence on the conduct of monetary policy and systemic risk within the financial system. Therefore, it is important to understand the nexus within the shadow banking sector and connections with the traditional banking sector. This work will examine specific institutions involved in the shadow banking system and their development. A stylized banking sector including NBFI will be introduced and provides the starting point for subsequent research on monetary transmission.

Suggested Citation

  • Jenny Poschmann, 2012. "The Shadow Banking System - Survey and Typological Framework," Global Financial Markets Working Paper Series 27-2012, Friedrich-Schiller-University Jena.
  • Handle: RePEc:hlj:hljwrp:27-2012

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    References listed on IDEAS

    1. Mark Carey & Mitch Post & Steven A. Sharpe, 1998. "Does Corporate Lending by Banks and Finance Companies Differ? Evidence on Specialization in Private Debt Contracting," Journal of Finance, American Finance Association, vol. 53(3), pages 845-878, June.
    2. repec:ces:ifodic:v:6:y:2008:i:3:p:14567226 is not listed on IDEAS
    3. James R. Barth & Triphon Phumiwasana & Wenling Lu, 2008. "Bank Regulation in the United States," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 6(3), pages 3-8, October.
    4. Naohiko Baba & Robert N McCauley & Srichander Ramaswamy, 2009. "US dollar money market funds and non-US banks," BIS Quarterly Review, Bank for International Settlements, March.
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    Cited by:

    1. Stefan Behrendt, 2016. "Taking Stock - Credit Measures in Monetary Transmission," Jena Economic Research Papers 2016-002, Friedrich-Schiller-University Jena.
    2. Patricia Jackson, 2013. "Shadow Banking and New Lending Channels – Past and Future," SUERF 50th Anniversary Volume Chapters, SUERF - The European Money and Finance Forum.
    3. Orestes Collazo Brañanova, 2013. "Shadow banking in Spain," IFC Bulletins chapters,in: Bank for International Settlements (ed.), Proceedings of the Sixth IFC Conference on "Statistical issues and activities in a changing environment", Basel, 28-29 August 2012., volume 36, pages 89-98 Bank for International Settlements.
    4. repec:eee:finlet:v:21:y:2017:i:c:p:163-171 is not listed on IDEAS

    More about this item


    shadow banking; financial intermediation; financial architecture; monetary policy;

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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