Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)
Under a regulatory approach, this chapter will address the questions about the definition of the shadow banking system and its basic elements.
KeywordsMonetary Policy Hedge Fund Money Laundering European Monetary Union Credit Institution
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Unable to display preview. Download preview PDF.
- 1.see Kelsen (1954) General Theory of the Law and the State (Cambridge—Milano), p. 116 ff.Google Scholar
- Hart (1961) The Concept of Law (tr. Cattaneo, ed. Torino, 1965), p. 126.Google Scholar
- 3.See Masera (2009) “La crisi globale: finanza, regolazione e vigilanza alla luce del rapporto de Larosiere,” Rivista Trimestrale di Diritto dell’economia, I, p. 147Google Scholar
- from a legal point of view, see Capriglione (2012) “Commento sub art. 5 d. lgs. 385/1993,” in Capriglione (ed.), Commentario al testo unico delle leggi in materia bancaria e creditizia (Padova), Vol. 1, p. 49 ff.Google Scholar
- 5.see FSB, Global Shadow Banking Monitoring Report 2013, November 14, 2013, p. 1.Google Scholar
- 11.See FSB, Strengthening Oversight and Regulation of Shadow Banking Policy Framework for Strengthening Oversight and Regulation of Shadow Banking Entities, August 29, 2013, p. i.Google Scholar
- 13.See Claessens, Pozsar, Ratnovski, and Singh (2012) Shadow Banking: Economics and Policy, edited by IMF Research Department, December 4, p. 3, where it is stated that “these functions can be economically useful, and need to be understood and properly regulated.”Google Scholar
- 20.See Tucker (2012) Shadow Banking: Thoughts for a Possible Policy Agenda, cit., where it is highlighted that “for other shadow banks, liquidity services are offered without such back-up lines.Google Scholar
- 25.See European Commission, Communication from the Commission to the Council and the European Parliament, Shadow Banking — Addressing New Sources of Risk in the Financial Sector, Brussels, September 4, 2013, COM(2013) 614 final.Google Scholar
- 31.See Lemma (2013) “The Derivatives of Italy,” Law and Economics Yearly Review, vol. 2, part. 2, p. 480 ff.Google Scholar
- 38.See Pozsar, Adrian, Ashcraft, and Boesky (2013) Federal Reserve Bank of New York Staff Reports — Shadow Banking, Federal Reserve Bank of New York Economic Policy Review, December 2013, p. 1.Google Scholar
- 39.See Pozsar, Adrian, Ashcraft, and Boesky (2013) Federal Reserve Bank of New York Staff Reports — Shadow Banking, cit., p. 1, where it is affirmed that “shadow banks conduct credit, maturity and liquidity transformation similar to traditional banks.Google Scholar
- 40.See Pozsar, Adrian, Ashcraft, and Boesky (2013) Federal Reserve Bank of New York Staff Reports — Shadow Banking, cit., p. 3 ff.Google Scholar
- 43.See Pozsar, Adrian, Ashcraft, and Boesky (2013) Federal Reserve Bank of New York Staff Reports — Shadow Banking, cit., p. 13.Google Scholar
- 47.see Hobsbawn (1997) Age of Extremes. The Short Twentieth Century (Milano, Italian edition.), p. 339 ff.Google Scholar
- 48.See Fitoussi and Laurent (2008) La nuova ecologia politica (Milano), p. 65 ff.Google Scholar
© Valerio Lemma 2016