The Shadow Banking System

Creating Transparency in the Financial Markets

  • Valerio┬áLemma

Table of contents

  1. Front Matter
    Pages i-viii
  2. Valerio Lemma
    Pages 1-12
  3. Valerio Lemma
    Pages 13-36
  4. Valerio Lemma
    Pages 62-77
  5. Valerio Lemma
    Pages 95-112
  6. Valerio Lemma
    Pages 130-153
  7. Valerio Lemma
    Pages 182-184
  8. Back Matter
    Pages 185-238

About this book

Introduction

Shadow banking has grown in importance, to even rival traditional banking. However, its role in fuelling real estate bubbles which burst in the later 2000s is commonly attributed as one of the major causes of the global financial crisis.
In this study, Valerio Lemma provides a complete overview of the shadow banking system from a legal and economic perspective. He defines the current regulatory framework of shadow banking and explores its impact on financial firms. By analysing the rules governing this market based financial system, the author highlights the functions of the system, and investigates its entities, operations and risks. Focusing on the regulatory aspects of shadow banking, this book provides an original view, demonstrating that unregulated banking and finance and the current lack of supervision in shadow banking is a market failure. This core research identifies a need for transparency in the shadow areas of capital markets, and finally suggests a resolution for the strengthened control of shadow banking entities and operations.

This book would be fundamental reading for academics conducting research in any relevant fields within banking, finance, economics and law. It would also be a useful source for students of degree programs and postgraduate courses on banking and finance.

Keywords

Shadow banking system banking finance financial markets credit intermediation market-based spv securitizations asset backed securities bank derivatives instability methods money money market Pension Funds Rating

Authors and affiliations

  • Valerio┬áLemma
    • 1
  1. 1.Marconi University of RomeItaly

Bibliographic information

  • DOI https://doi.org/10.1057/9781137496133
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2016
  • Publisher Name Palgrave Macmillan, London
  • eBook Packages Economics and Finance
  • Print ISBN 978-1-349-57812-2
  • Online ISBN 978-1-137-49613-3
  • About this book