cam a22 2 b4500 530147386 CHVBK 20201027044714.0 m d cr |n |||||||| 130723e20111201dcu s|||| 0 |eng|d 978-1-4639-2723-3 1-4639-2723-1 (Trade Paper) : USD 18.00 Retail Price (Publisher) (SERSOL)ssj0001179069 (WaSeSS)ssj0001179069 BIP US WaSeSS Singh Manmohan Author The Nonbank-Bank Nexus and the Shadow Banking System [Elektronische Daten] Washington International Monetary Fund Dec. 2011 1 online resource (1476 p.) Free full text available for some or all content. Article availability is subject to change without notice, according to publisher decision. Die Verfügbarkeit der Online-Ressourcen ist Entscheidung des Verlags oder des Urhebers und kann ohne vorherige Ankündigung geändert werden. Annotation 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. Pozsar Zoltan Author http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml Volltext frei zugänglich BK020053 XK020053 XK020000 IMF E-Library E-Books von 360MarcUpdates IDSBB FREE FREE OL NELFREE2004 IDSBB 100 1- Singh Manmohan Author IDSBB 700 1- Pozsar Zoltan Author IDSBB 856 40 http://elibrary.imf.org/view/IMF001/12351-9781463927233/12351-9781463927233/12351-9781463927233.xml Volltext frei zugänglich