Page 1 IMF STAFF DISCUSSION NOTE December 4, 2012 SDN/12/12 Shadow Banking:
Economics and Policy Stijn Claessens, Zoltan Pozsar, Lev Ratnovski, and Manmohan Singh …

An argument that contagion is the most significant risk facing the financial system and that
Dodd¬ Frank has reduced the government's ability to respond effectively. The Dodd–Frank …

Between 1980 and before the recent crisis, the ratio of financial market debt to liquid assets
rose exponentially in the US (and in other financial markets), reflecting in part the greater …

In recent years, assets of non-bank financial intermediaries (NBFIs) have grown significantly
relative to those of banks. These two sectors are commonly viewed either as operating in …

The real ity of financial regulation is that new rules open new ave nues for regulatory
arbitrage, as institutions find loopholes in regulations. That in turn forces authorities to …

Legislators and regulators are once again grappling with one of the most complex and
important policy issues concerning our economic system: How should the boundaries of the …

The increasing globalization and liberalization of financial markets in the nineties of the last
century essentially changed the business environment of the banks and other financial …

En este trabajo de investigación el objetivo principal es explorar el efecto de
desplazamiento en el mercado de bonos corporativos peruanos y su impacto en la …

Como hemos explicado previamente, la elección del enfoque institucional para la
realización de esta tesis obedece a varias razones. La primera es de componente personal …

Bank credit to ultimate borrowers is funded by either the equity of the banking system or the
funding that non-banks (ie, households, pension funds and insurers) provide to the banking …