Shadow banking and U.S. financial regulatory policy : overviews / Vivian Kelemen, editor.

Format:

Book

Contributor:

Kelemen, Vivian, editor.

Series:

Business, Technology and Finance

Language:

English

Subjects (All):

Banks and banking, American.

Banking law--United States.

Banking law.

Physical Description:

1 online resource (120 p.)

Place of Publication:

New York : Novinka, 2014.

Language Note:

English

Summary:

Shadow banking refers to financial firms and activities that perform similar functions to those of depository banks. Although the term is used to describe dissimilar firms and activities, a general policy concern is that a component of shadow banking could be a source of financial instability, even though that component might not be subject to regulations designed to prevent a crisis, or be eligible for emergency facilities designed to mitigate financial turmoil once it has begun. This book develops a general framework for analyzing financial intermediation, and applies these concepts to several specific shadow banking sectors. The book focuses on comparing and contrasting the fundamental economic problems of simple banking and associated policy responses to analogous problems and policy proposals in shadow banking.

Contents:

Machine generated contents note: ch. 1 Shadow Banking: Background and Policy Issues / Edward V. Murphy

ch. 2 Who Regulates Whom and How? An Overview of U.S. Financial Regulatory Policy for Banking and Securities Markets / Edward V. Murphy.

Notes:

Includes index.

Description based on online resource; title from PDF title page (ebrary, viewed June 12, 2014).

ISBN:

1-63117-528-9