Chasing the Shadows : How Significant is Shadow Banking in Emerging Markets?

Show simple item record

collection.link.171
https://openknowledge.worldbank.org/handle/10986/9402
collection.name.171
Economic Premise
dc.contributor.author
Ghosh, Swati
dc.contributor.author
Gonzalez del Mazo, Ines
dc.contributor.author
Ötker-Robe, İnci
dc.date.accessioned
2014-02-18T22:10:17Z
dc.date.available
2014-02-18T22:10:17Z
dc.date.issued
2012-09
dc.date.lastModified
2021-04-23T14:03:33Z
dc.description.abstract
Broadly defined as credit intermediation involving entities and activities outside the regular banking system, shadow banking raises important policy concerns. Given significant challenges with data availability, the size, nature and significance of shadow banking in emerging market and developing economies (EMDEs) are even less discussed and understood. Shadow banking in EMDEs generally does not involve long, complex, opaque chains of intermediation, as is often the case in advanced economies. Nonetheless, it can pose systemic risks, both directly, as its importance in the total financial system grows (with the concomitant credit, market, and liquidity risks that its participants undertake), and indirectly through its interconnectedness with the regulated banking system. At the same time, shadow banks also play an important role in channeling alternative funding sources to EMDEs, especially as deleveraging pressures from European banks continue. This suggests that policy makers need to manage trade-offs carefully to ensure that shadow banks provide alternative but safe sources of funding to the private sector without generating additional systemic risks. Based on a snapshot of selected EMDEs in East Asia and in Central and Eastern Europe, and subject to caveats dictated by limited data availability, the shadow banking system is relatively small in most EMDEs, but has grown markedly in recent years, reaching a not insignificant share of the financial system in some countries, while remaining largely unregulated.
en
dc.identifier
http://documents.worldbank.org/curated/en/2012/09/16728825/chasing-shadows-significant-shadow-banking-emerging-markets
dc.identifier.uri
http://hdl.handle.net/10986/17088
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Economic premise;no. 88
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCESS TO CREDIT
dc.subject
ACCOUNTING
dc.subject
ADVANCED COUNTRIES
dc.subject
ADVANCED ECONOMIES
dc.subject
ALTERNATIVE FUNDING
dc.subject
ALTERNATIVE SOURCES OF FINANCING
dc.subject
ARBITRAGE
dc.subject
ASSET BACKED SECURITIES
dc.subject
ASSET MANAGERS
dc.subject
ASSET PRICES
dc.subject
ASSET VALUES
dc.subject
BALANCE SHEET
dc.subject
BALANCE SHEETS
dc.subject
BANK ACTIVITIES
dc.subject
BANK BALANCE SHEETS
dc.subject
BANK CREDIT
dc.subject
BANK DEPOSITS
dc.subject
BANK INTERMEDIATION
dc.subject
BANK LENDING
dc.subject
BANK LOANS
dc.subject
BANK POLICY
dc.subject
BANK RUN
dc.subject
BANKING INSTITUTIONS
dc.subject
BANKING SECTOR
dc.subject
BANKING SERVICES
dc.subject
BANKING SYSTEM
dc.subject
BANKS
dc.subject
BONDS
dc.subject
BORROWER
dc.subject
BORROWING
dc.subject
BROKER
dc.subject
BROKERAGE
dc.subject
BROKERAGE FIRMS
dc.subject
BROKERS
dc.subject
BUSINESS CYCLE
dc.subject
CAPITAL MARKETS
dc.subject
CENTRAL BANK
dc.subject
CENTRAL BANKS
dc.subject
COLLATERAL
dc.subject
COMMERCIAL BANK
dc.subject
COMMERCIAL BANK DEPOSITS
dc.subject
COMMERCIAL BANKING
dc.subject
COMMERCIAL BANKS
dc.subject
COMMERCIAL LENDERS
dc.subject
COMMERCIAL PAPERS
dc.subject
CONTAGION
dc.subject
CONVERTIBLE DEBT
dc.subject
COOPERATIVE BANKS
dc.subject
CREDIT AVAILABILITY
dc.subject
CREDIT EXTENSION
dc.subject
CREDIT INTERMEDIATION
dc.subject
CREDIT MARKETS
dc.subject
CREDIT NEEDS
dc.subject
CREDIT PRODUCTS
dc.subject
CREDIT RISK
dc.subject
CREDIT RISK MANAGEMENT
dc.subject
CREDIT RISKS
dc.subject
CREDIT SPREADS
dc.subject
CREDIT UNIONS
dc.subject
CUSTODIAN BANKS
dc.subject
DATA AVAILABILITY
dc.subject
DEBT
dc.subject
DEBT OBLIGATIONS
dc.subject
DEFAULTS
dc.subject
DEPOSIT
dc.subject
DEPOSIT INSURANCE
dc.subject
DEPOSITS
dc.subject
DERIVATIVE
dc.subject
DEVELOPING COUNTRIES
dc.subject
DEVELOPING ECONOMIES
dc.subject
DIVIDENDS
dc.subject
ECONOMIC POLICY
dc.subject
EMERGING MARKET
dc.subject
EMERGING MARKETS
dc.subject
END-BORROWERS
dc.subject
EQUITY FUNDS
dc.subject
EQUITY TRADING
dc.subject
EXPOSURE
dc.subject
EXPOSURES
dc.subject
FACTORING
dc.subject
FEDERAL RESERVE
dc.subject
FEDERAL RESERVE BANK
dc.subject
FEDERAL RESERVE BANK OF NEW YORK
dc.subject
FINANCE COMPANIES
dc.subject
FINANCIAL CRISIS
dc.subject
FINANCIAL INSTABILITY
dc.subject
FINANCIAL INSTRUMENTS
dc.subject
FINANCIAL INTERMEDIARIES
dc.subject
FINANCIAL INTERMEDIATION
dc.subject
FINANCIAL MARKET
dc.subject
FINANCIAL MARKETS
dc.subject
FINANCIAL PRODUCTS
dc.subject
FINANCIAL REFORM
dc.subject
FINANCIAL RISKS
dc.subject
FINANCIAL SECTOR ASSESSMENT
dc.subject
FINANCIAL SECTOR STABILITY
dc.subject
FINANCIAL STABILITY
dc.subject
FINANCIAL SYSTEM
dc.subject
FINANCIAL SYSTEM STABILITY
dc.subject
FINANCIAL SYSTEMS
dc.subject
FOREIGN CURRENCY
dc.subject
FORMAL BANKS
dc.subject
FORMAL FINANCIAL SECTOR
dc.subject
FUND INVESTMENTS
dc.subject
FUND MANAGEMENT
dc.subject
FUNDING SOURCES
dc.subject
FUTURES
dc.subject
GLOBAL ECONOMY
dc.subject
GOVERNMENT BONDS
dc.subject
HEDGE FUND
dc.subject
HIDDEN RISKS
dc.subject
HIGH INTEREST RATES
dc.subject
HOLDINGS
dc.subject
HOUSEHOLDS
dc.subject
IMPLICIT SUPPORT
dc.subject
INFRASTRUCTURE PROJECTS
dc.subject
INSTITUTIONAL INVESTORS
dc.subject
INSURANCE
dc.subject
INSURANCE COMPANIES
dc.subject
INSURED DEPOSITS
dc.subject
INTEREST RATE
dc.subject
INTEREST RATE CEILINGS
dc.subject
INTEREST RATES
dc.subject
INTERNATIONAL FINANCE
dc.subject
ISSUANCE
dc.subject
LAWS
dc.subject
LENDER
dc.subject
LENDERS
dc.subject
LENDERS OF LAST RESORT
dc.subject
LETTERS OF CREDIT
dc.subject
LIQUIDITY
dc.subject
LIQUIDITY RISKS
dc.subject
LOAN ORIGINATION
dc.subject
LOCAL BANKS
dc.subject
MACROECONOMIC MANAGEMENT
dc.subject
MARKET CONFIDENCE
dc.subject
MARKET VALUE
dc.subject
MATURITY
dc.subject
MATURITY TRANSFORMATION
dc.subject
MICROFINANCE
dc.subject
MONETARY FUND
dc.subject
MONETARY POLICY
dc.subject
MONEY LENDERS
dc.subject
MONEY MARKET
dc.subject
MUTUAL FUNDS
dc.subject
NEW PRODUCTS
dc.subject
NONBANK FINANCIAL INSTITUTIONS
dc.subject
NONBANKS
dc.subject
NONPERFORMING LOANS
dc.subject
OUTSTANDING LOANS
dc.subject
PAWN
dc.subject
PAWN SHOPS
dc.subject
PENSION
dc.subject
PENSION FUNDS
dc.subject
PENSIONS
dc.subject
PRIVATE LENDERS
dc.subject
PRIVATE LENDING
dc.subject
PRIVATE PENSION
dc.subject
PRIVATE SECTOR DEVELOPMENT
dc.subject
PRUDENTIAL REGULATIONS
dc.subject
PUBLIC PENSION
dc.subject
RAPID GROWTH
dc.subject
REAL ESTATE
dc.subject
REGULATORY AGENCIES
dc.subject
REGULATORY AGENCY
dc.subject
REGULATORY GAPS
dc.subject
REGULATORY REQUIREMENTS
dc.subject
REGULATORY SYSTEM
dc.subject
REPO
dc.subject
REPO MARKETS
dc.subject
REPOS
dc.subject
RESERVE
dc.subject
RESERVE REQUIREMENT
dc.subject
RETURNS
dc.subject
RISK DIVERSIFICATION
dc.subject
SAFETY NET
dc.subject
SAVINGS
dc.subject
SECURITIES
dc.subject
SECURITIZATION
dc.subject
SHORT-TERM REPOS
dc.subject
SMALL BANKS
dc.subject
SMALL LOAN
dc.subject
SUPERVISORY AGENCIES
dc.subject
SYSTEMIC RISK
dc.subject
SYSTEMIC RISKS
dc.subject
THIRD WORLD
dc.subject
TRADE FINANCING
dc.subject
TRADES
dc.subject
TRADING
dc.subject
TRADITIONAL BANKING
dc.subject
TRANSFER OF SECURITIES
dc.subject
UNDERLYING ASSET
dc.subject
VALUATION
dc.subject
VALUATION CHANGES
dc.subject
VALUE OF COLLATERAL
dc.subject
WHOLESALE FINANCIAL MARKET
dc.subject
WHOLESALE FUNDING
dc.subject
WHOLESALE MARKET
dc.title
Chasing the Shadows : How Significant is Shadow Banking in Emerging Markets?
en
okr.date.disclosure
2012-09-12
okr.doctype
Publications & Research :: Brief
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/2012/09/16728825/chasing-shadows-significant-shadow-banking-emerging-markets
okr.globalpractice
Finance and Markets
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000333038_20120913040526
okr.identifier.internaldocumentum
16728825
okr.identifier.report
72445
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/09/13/000333038_20120913040526/Rendered/PDF/724450BRI0EP880OWLEDGE0NOTES0SERIES.pdf
en
okr.topic
Finance and Financial Sector Development :: Financial Intermediation
okr.topic
Banks and Banking Reform
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.unit
Econ. Policy & Debt Dept (PRMED)
okr.volume
1 of 1

Show simple item record



This item appears in the following Collection(s)