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Shadow bank monitoring
We provide a framework for monitoring the shadow banking system. The shadow banking system consists of a web of specialized financial institutions that conduct credit, maturity, and liquidity transformation without direct, explicit access to public backstops. The lack of such access to sources of government liquidity and credit backstops makes shadow banks inherently fragile. Shadow banking activities are often intertwined with core regulated institutions such as bank holding companies, security brokers and dealers, and insurance companies. These interconnections of shadow banks with other financial institutions create sources of systemic risk for the broader financial system. We describe elements of monitoring risks in the shadow banking system, including recent efforts by the Financial Stability Board.
Cite this item
Tobias Adrian & Adam B. Ashcraft & Nicola Cetorelli, Shadow bank monitoring, Federal Reserve Bank of New York, Staff Reports 638, 01 Sep 2013.
Note: For a published version of this report, see Tobias Adrian, Adam B. Ashcraft, and Nicola Cetorelli, "Shadow Bank Monitoring," Oxford Handbook of Banking, 2nd Edition (Nov 2014): 378-409.
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- G00 - Financial Economics - - General - - - General
- G01 - Financial Economics - - General - - - Financial Crises
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
Keywords: shadow banking; financial stability monitoring; financial intermediation
This item with handle RePEc:fip:fednsr:638
is also listed on EconPapers
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