The Emergence and Development of Shadow Banking System and Its Supervisory Review
Abstract
Since the eighties of last century, with the rapid development of financial liberalization and the innovation of financial instruments, the shadow banking system has developed rapidly and promoted the prosperity of global financial market. However, because of its characteristics and the lack of relevant supervision and review, shadow banking system is considered to be an important reason for the financial crisis in 2008. This paper introduces the definition classification of shadow banking system, expounds the means of running mechanism and internal risk analysis, and analyzes the economic effect of shadow banking system from both micro and macro aspects and puts forward relevant supervision and review suggestions on the macro level.
Keywords
Shadow banking system; financial crisis; risk analysis; macro supervision review.
DOI
10.12783/dtssehs/adess2017/17887
10.12783/dtssehs/adess2017/17887