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BANK VERSUS NON-BANK CREDIT IN THE (2013)
| Content Provider | CiteSeerX |
|---|---|
| Author | Véron, Nicolas |
| Abstract | • In the wake of recent crisis developments in the US and Europe, non-bank credit channels have often been portrayed as 'shadow banking ' and have been consi-dered primarily through the lens of the risks they may pose to financial stability. However, the debate about financial system structures remains immature, in large part due to lack of reliable and comparable data. • The available evidence actually points towards a correlation between the deve-lopment of non-bank credit and higher resilience against systemic risk, at least in developed economies. Policy should aim at better statistical information, and at strengthening the infrastructure for the gradual development of sustainable non-bank credit provision. A version of this Policy Contribution was prepared for discussion at the China-US Economists Symposium The path to recovery, co-organised by the China Finance |
| File Format | |
| Publisher Date | 2013-01-01 |
| Access Restriction | Open |
| Subject Keyword | Bank Versus Non-bank Credit Gradual Development Financial System Developed Economy Shadow Banking Financial Stability China-us Economist Large Part Comparable Data Systemic Risk Non-bank Credit Recent Crisis Development Non-bank Credit Channel China Finance Statistical Information Policy Contribution Available Evidence Sustainable Non-bank Credit Provision |
| Content Type | Text |
