The Shadow Banking System Creating Transparency in the Financial Markets [Hardcover]

The book shows the fundaments of the shadow banking system and its entities, operations and risks. Focusing on the regulatory aspects, it provides an original view that is able to demonstrate that the lack of supervision is a market failure.

The book shows the fundaments of the shadow banking system and its entities, operations and risks. Focusing on the regulatory aspects, it provides an original view that is able to demonstrate that the lack of supervision is a market failure.

PART I: GENERAL OBSERVATIONS
1.1 The Identification Of The Phenomenon
1.2 The Traditional Definitions Of The Shadow Banking System: The Guidelines Of The Financial Stability Board And The Statement Of The G20
1.3. The Directions Of Certain Central Banks
1.4. The Routes Of European Institutions
1.5 The Path Of Emerging Countries
1.6 The Interpretations Of The Phenomenon
1.7. The Different Outcomes Of The Monetary And Supervisory Perspectives
1.8 The Boundaries Of The Shadow Banking System: Money Laundering, Tax Evasion And Other Forms Of The 'Black Market.'
PART II: THE SHADOW BANKING SYSTEM AS AN ALTERNATIVE SOURCE OF LIQUIDITY
2.1. The Economic Determinants Of The Shadow Banking System
2.2. Information Asymmetries
2.3. Opacity, Pro-Cyclicality And System Instability
2.4. Methods For Classification Of The Phenomenon
2.5. Is This Economic Freedom Or Escape From Regulation?
2.6. The Global Nature And The Riskiness Of The Phenomenon
2.7. New Freedoms And Their Problematic Nature
PART III: SHADOW BANKING ENTITIES
3.1 Special Purpose Vehicles
3.2 Shadow Banks
3.3. Other Shadow Banking Entities
3.4. The Shadow Funds
3.5. The Particular Role Of Money Market Funds
PART IV: SHADOW BUSINESSES OF BANKS, INSURANCE COMPANIES AND PENSION FUNDS
4.1. Multi-PlÓï