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https://www.um.edu.mt/library/oar/handle/123456789/113621
Title: | [Book Review] The growth of shadow banking : a comparative institutional analysis |
Authors: | Cassar, Dylan |
Keywords: | Nonbank financial institutions Banks and banking Books -- Reviews Global Financial Crisis, 2008-2009 Financial crises |
Issue Date: | 2019 |
Publisher: | Max Planck Institute for the Study of Societies |
Citation: | Cassar, D. (2019). [Book Review] The growth of shadow banking : a comparative institutional analysis. Economic Sociology - The European Electronic Newsletter, 21(1), 61-63. |
Abstract: | The financial crisis of 2007/08 threw into sharp relief the complex system of credit intermediation that had developed over the span of several decades in global financial markets. Widely known as shadow banking, or market-based finance in technocratic discourse, the system disrupts the vertical-hierarchy organisation of bank-based finance into a chain of entities that together perform the activities of a traditional bank. Crucially, even though banks became heavily involved in it, this system remained outside of banking regulation as the activities which constituted it were kept off-balance sheet. What were the conditions that allowed for this, and what to make of so much national variation in exposure to the shadow banking system? These questions are at the heart of Matthias Thiemann’s The Growth of Shadow Banking: A Comparative Institutional Analysis. |
URI: | https://www.um.edu.mt/library/oar/handle/123456789/113621 |
Appears in Collections: | Scholarly Works - FacArtSoc |
Files in This Item:
File | Description | Size | Format | |
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econ_soc_21-1.pdf | 170.16 kB | Adobe PDF | View/Open |
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