The Research on Shadow Banking System in China
DOI:
https://doi.org/10.30564/jesr.v2i4.1152Abstract
The shadow banking system has grown stronger in the process of evading supervision. Together with traditional commercial banks, it has become an important participant in the financial system, which has caused a fundamental change in the structure of the global financial system. As an exogenous reform force in China’s special period, Shadow Bank has become an important channel for financial resources to “disconnect from reality”. Despite the lack of substantial securitization, China’s shadow banking system has developed rapidly. This paper analyzes the development motivation.This paper believes that the scope of China’s shadow banking system can be defined according to the nature of the fund supply side.
Keywords:
Shadow bank system; Financial stability; Capital supply sideReferences
[1] Elliott, D., Kroeber, A., & Qiao, Y. Shadow banking in China: A primer[J]. Economic Studies at Brookings, 2015, 13: 234-267.
[2] Chen, K., Ren, J., Zha, T. What we learn from China’s rising shadow banking: exploring the nexus of monetary tightening and banks’ role in entrusted lending[R].NBER Working Paper, 2016.
[3] Li,T.Shadow Banking in China: Expanding Scale,Evolving Structure[J].Journal of Financial Economic Policy, 2014, 6: 198–211.
[4] Acharya, V. V., Qian, J., Yang, Z. In the shadow of banks: Wealth management products and issuing banks’ risk in China[R]. Mimeo, 2016.
[5] Cai, J., García-Herrero, A., Xia, L. China’s shadow banking sector: Arbitrage, window-dressing and wealth management products[R]. BBVA Research Working Paper, 2015.
[6] Allen, F., Qian, Y., Tu, G., Yu, F. Entrusted Loans: A Close Look at China’s Shadow Banking System [R]. Mimeo, 2016.
[7] Schwarcz, Steven L. Regulating Shadow Banking[J].Review of Banking & Financial Law, 2012, 31: 619-642.
[8] Calmès, Christian & Théoret, Raymond..The impact of off-balance-sheet activities on banks returns: An application of the ARCH-M to Canadian data [R].Journal of Banking & Finance, Elsevier, 2010, 34(7): 1719-1728.
[9] Financial Stability Board.Shadow Banking: Strengthening Oversight and Regulation[R]. Washington D.C., 2011.
Downloads
Issue
Article Type
License
Copyright and Licensing
The authors shall retain the copyright of their work but allow the Publisher to publish, copy, distribute, and convey the work.
Journal of Economic Science Research publishes accepted manuscripts under Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0). Authors who submit their papers for publication by Journal of Economic Science Research agree to have the CC BY-NC 4.0 license applied to their work, and that anyone is allowed to reuse the article or part of it free of charge for non-commercial use. As long as you follow the license terms and original source is properly cited, anyone may copy, redistribute the material in any medium or format, remix, transform, and build upon the material.
License Policy for Reuse of Third-Party Materials
If a manuscript submitted to the journal contains the materials which are held in copyright by a third-party, authors are responsible for obtaining permissions from the copyright holder to reuse or republish any previously published figures, illustrations, charts, tables, photographs, and text excerpts, etc. When submitting a manuscript, official written proof of permission must be provided and clearly stated in the cover letter.
The editorial office of the journal has the right to reject/retract articles that reuse third-party materials without permission.
Journal Policies on Data Sharing
We encourage authors to share articles published in our journal to other data platforms, but only if it is noted that it has been published in this journal.