Shadow Banking and Market-Based Finance

by Bradley Jones and Tobias Adrian

Variants of nonbank credit intermediation differ greatly. We provide a conceptual framework to help distinguish various characteristics--structural features, economic motivations, and risk implications--associated with different forms of nonbank credit intermediation. Anchored by this framework, we take stock of the evolution of shadow banking and the extent of its transformation into market-based finance since the global financial crisis. In light...

• Format: Paperback
• Language: English
• ISBN: 1484343883
• ISBN13: 9781484343883
• Release Date: August 2018
• Publisher: International Monetary Fund
• Length: 47 Pages