scholarly journals Do Shadow Banks Create Money? ‘Financialisation’ and the Monetary Circuit

2016 ◽  
Vol 68 (2) ◽  
pp. 354-377 ◽  
Author(s):  
Jo Michell
Keyword(s):  
Shadow Banks ◽  
Monetary Circuit

Traditional and Shadow Banks During the Crisis

2017 ◽  
Author(s):  
Edouard Chretien ◽  
Victor Lyonnet
Keyword(s):  
Shadow Banks

Shadow Banks and Optimal Regulation

2020 ◽  
Author(s):  
Christopher Clayton ◽  
Andreas Schaab
Keyword(s):  
Optimal Regulation ◽  
Shadow Banks

scholarly journals Shadow Banks and Macroeconomic Instability

2017 ◽  
Vol 49 (7) ◽  
pp. 1483-1516 ◽  
Author(s):  
ROLAND MEEKS ◽  
BENJAMIN NELSON ◽  
PIERGIORGIO ALESSANDRI
Keyword(s):  
Shadow Banks ◽  
Macroeconomic Instability

Conclusion

2020 ◽  
pp. 335-356
Author(s):  
Arthur E. Wilmarth Jr.
Keyword(s):  
Conflicts Of Interest ◽  
Banking System ◽  
Financial System ◽  
Safety Net ◽  
Shadow Banking ◽  
Financial Conglomerates ◽  
Shadow Banks ◽  
Regulatory Systems ◽  
Shadow Banking System ◽  
Investment Advisers

A new Glass-Steagall Act would break up universal banks and end the conflicts of interest that prevent universal banks from acting as objective lenders and impartial investment advisers. It would produce a more stable and resilient financial system by reestablishing structural buffers to prevent contagion between the banking system and other financial sectors. It would improve market discipline by preventing banks from transferring their safety net subsidies to affiliates engaged in capital markets activities. It would shrink the shadow banking system by prohibiting nonbanks from issuing short-term financial claims that function as deposit substitutes. It would remove the dangerous influence that large financial conglomerates exercise over our political and regulatory systems. It would end the current situation in which our financial system and our economy are held hostage to the survival of universal banks and large shadow banks. It would restore our banking system and financial markets to their proper roles as servants—not masters—of nonfinancial business firms and consumers.

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