Shadow Banking: The Emergence, Development, and Regulation
- DOI
- 10.2991/978-94-6463-298-9_6How to use a DOI?
- Keywords
- Shadow banking; Risk analysis; Mechanism of operation; Macroprudential regulation
- Abstract
Since the 1980s, shadow banking has emerged and rapidly developed due to the rapid progress in financial liberalization and innovation in financial instruments, thereby fostering the prosperity of the global financial market. This study begins by examining the emergence and development of the shadow banking system, analyzing its classification and operational mechanism, and comparing specific manifestations across different countries. Building upon this foundation, it explores both positive and negative economic effects brought about by shadow banking while specifically addressing challenges and opportunities within China's current economic landscape. Furthermore, it compares distinct measures taken for macro supervision and examination of shadow banking in major economies worldwide. Based on these considerations, along with China’s national circumstances, this paper examines certain shortcomings and deficiencies in the current regulatory framework about this matter ultimately proposing appropriate measures and recommendations.
- Copyright
- © 2023 The Author(s)
- Open Access
- Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.
Cite this article
TY - CONF AU - Longsheng Chen PY - 2023 DA - 2023/11/30 TI - Shadow Banking: The Emergence, Development, and Regulation BT - Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023) PB - Atlantis Press SP - 42 EP - 56 SN - 2352-5428 UR - https://doi.org/10.2991/978-94-6463-298-9_6 DO - 10.2991/978-94-6463-298-9_6 ID - Chen2023 ER -