کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5088304 1375550 2016 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
How capital regulation and other factors drive the role of shadow banking in funding short-term business credit
ترجمه فارسی عنوان
چگونگی تنظیم مقررات و سایر عوامل نقش بانکداری سایه در تأمین اعتبار کسب و کار کوتاه مدت را در بر می گیرد
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
This paper empirically analyzes how capital regulation, risk, and other factors altered the relative use of shadow banking-funded, short-term business debt since the early 1960s. Results indicate that the share was affected over the long run not only by changing information and reserve requirement costs, but also by shifts in relative regulation of bank versus nonbank credit sources-such as Basel I in 1990 and reregulation in 2010. In the short-run, the shadow bank share rose when deposit interest rate ceilings were binding on traditional banks, the economic outlook improved, or risk premia declined, and fell when event risks arose.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Banking & Finance - Volume 69, Supplement 1, August 2016, Pages S10-S24
نویسندگان
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