Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Singh, Manmohan (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2011
Schriftenreihe:IMF Working Papers Working Paper No. 11/289
Links:http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml
Abstract:The present way of thinking about financial intermediation does not fully incorporate the rise of asset managers as a major source of funding for banks through the shadow banking system. Asset managers are dominant sources of demand for non-M2 types of money and serve as source collateral ?mines'' for the shadow banking system. Banks receive funding through the re-use of pledged collateral ?mined'' from asset managers. Accounting for this, the size of the shadow banking system in the U.S. may be up to $25 trillion at year-end 2007 and $18 trillion at year-end 2010, higher than earlier estimates. In terms of policy, regulators will need to consider the re-use of pledged collateral when defining bank leverage ratios. Also, given asset managers'' demand for non-M2 types of money, monitoring the shadow banking system will warrant closer attention well beyond the regulatory perimeter
Umfang:1 Online-Ressource (19 p)
ISBN:1463927231
9781463927233