Shadow Banking and Financial Risk in Emerging and Developing Markets
The Growth and Development of Non-Bank Financial Intermediation
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Beschreibung
This book discusses non-bank financial intermediation as an alternative or complement to formal banking. With a focus on emerging and developing economies, which face far greater consequences of high risk taking and withdrawal of credit from their financial systems, the book starts with an overview of non-bank financial intermediation, including shadow banking activities, instruments and functions. It covers the main types of activities classified under non-bank financial intermediation and the different players in the non-bank financial system. The interconnectedness between shadow banking and formal banks and their consequential risks will be analysed. Furthermore, the book analyses recent data on shadow banking with a view to estimate the extent of riskiness in shadow banking activities. Analysis of risk spillovers between the formal banking system and shadow banks will be conducted and contribution of shadow banking to systemic risk metrics is also presented.
Sheunesu Zhou is an Associate Professor in the Department of Economics at the University of Zululand, South Africa where he teaches both undergraduate and postgraduate, economics and finance courses. He has written a number of original research articles on the topic of shadow banking under the broad theme of non-bank financial intermediation and financial development. Prof Zhou has wider research interests in financial economics and macroeconomic policy formulation, and the application of econometric methods in economic policy analysis.
This book discusses non-bank financial intermediation as an alternative or complement to formal banking. With a focus on emerging and developing economies, which face far greater consequences of high risk taking and withdrawal of credit from their financial systems, the book starts with an overview of non-bank financial intermediation, including shadow banking activities, instruments and functions. It covers the main types of activities classified under non-bank financial intermediation and the different players in the non-bank financial system. The interconnectedness between shadow banking and formal banks and their consequential risks will be analysed. Furthermore, the book analyses recent data on shadow banking with a view to estimate the extent of riskiness in shadow banking activities. Analysis of risk spill overs between the formal banking system and shadow banks will be conducted and contribution of shadow banking to systemic risk metrics will also be analysed.
This book discusses non-bank financial intermediation as an alternative or complement to formal banking. With a focus on emerging and developing economies, which face far greater consequences of high risk taking and withdrawal of credit from their financial systems, the book starts with an overview of non-bank financial intermediation, including shadow banking activities, instruments and functions. It covers the main types of activities classified under non-bank financial intermediation and the different players in the non-bank financial system. The interconnectedness between shadow banking and formal banks and their consequential risks will be analysed. Furthermore, the book analyses recent data on shadow banking with a view to estimate the extent of riskiness in shadow banking activities. Analysis of risk spillovers between the formal banking system and shadow banks will be conducted and contribution of shadow banking to systemic risk metrics is also presented.
Provides a contextualised scholarly analysis of non-bank financial intermediation or shadow banking Discusses the major characteristics, influences and impacts of non-bank financial intermediation in emerging markets Explores how new financial technologies pose a challenge to current regulatory frameworks and financial stability
Autor*in
Sheunesu Zhou
Themen in »Shadow Banking and Financial Risk in Emerging and Developing Markets«
shadow banking credit financial risk financial risk management interest rate non-bank financial intermediation financing opportunities developing economies SADC regional economic integration bank profitability financial technology cyber-risk