Matches in SemOpenAlex for { <https://semopenalex.org/work/W2171415303> ?p ?o ?g. }
- W2171415303 abstract "Central banks responded with exceptional liquidity support during the financial crisis to prevent a systemic meltdown. They broadened their tool kit and extended liquidity support to nonbanks and key financial markets. Many want central banks to embrace this expanded role as “market maker of last resort” going forward. This would provide a liquidity backstop for systemically important markets and the shadow banking system that is deeply integrated with these markets. But how much liquidity support can central banks provide to the shadow banking system without risking their balance sheets? I discuss the expanding role of the shadow banking sector and the key drivers behind its growing importance. There are close parallels between the growth of shadow banking before the recent financial crisis and earlier financial crises, with rapid growth in near monies as a common feature. This ebb and flow of shadow-banking-type liabilities are indeed an ingrained part of our advanced financial system. We need to reflect and consider whether official sector liquidity should be mobilized to stem a future breakdown in private shadow banking markets. Central banks should be especially concerned about providing liquidity support to financial markets without any form of structural reform. It would indeed be ironic if central banks were to declare victory in the fight against too-big-to-fail institutions, just to end up bankrolling too-big-to-fail financial markets." @default.
- W2171415303 created "2016-06-24" @default.
- W2171415303 creator A5084024917 @default.
- W2171415303 date "2014-01-01" @default.
- W2171415303 modified "2023-10-01" @default.
- W2171415303 title "Shadow Banking: Policy Challenges for Central Banks" @default.
- W2171415303 cites W1491069747 @default.
- W2171415303 cites W1494190470 @default.
- W2171415303 cites W1503794912 @default.
- W2171415303 cites W1527334714 @default.
- W2171415303 cites W1542210259 @default.
- W2171415303 cites W1555604105 @default.
- W2171415303 cites W1775206257 @default.
- W2171415303 cites W1889769344 @default.
- W2171415303 cites W1945199243 @default.
- W2171415303 cites W2003636062 @default.
- W2171415303 cites W2013860961 @default.
- W2171415303 cites W2031071394 @default.
- W2171415303 cites W2045782423 @default.
- W2171415303 cites W2053375198 @default.
- W2171415303 cites W2103861418 @default.
- W2171415303 cites W2133049281 @default.
- W2171415303 cites W2169303206 @default.
- W2171415303 cites W2188013842 @default.
- W2171415303 cites W2200960878 @default.
- W2171415303 cites W2206806888 @default.
- W2171415303 cites W2217284626 @default.
- W2171415303 cites W2241747468 @default.
- W2171415303 cites W2276535886 @default.
- W2171415303 cites W2323266160 @default.
- W2171415303 cites W238359584 @default.
- W2171415303 cites W2670093537 @default.
- W2171415303 cites W2743654908 @default.
- W2171415303 cites W2892387721 @default.
- W2171415303 cites W2955480399 @default.
- W2171415303 cites W3022539920 @default.
- W2171415303 cites W3023030938 @default.
- W2171415303 cites W3121536766 @default.
- W2171415303 cites W3121978103 @default.
- W2171415303 cites W3122240897 @default.
- W2171415303 cites W3122510574 @default.
- W2171415303 cites W3123515155 @default.
- W2171415303 cites W3123999310 @default.
- W2171415303 cites W3124806546 @default.
- W2171415303 cites W3125192936 @default.
- W2171415303 cites W3125435801 @default.
- W2171415303 cites W3125454607 @default.
- W2171415303 cites W562226214 @default.
- W2171415303 cites W604479229 @default.
- W2171415303 cites W629622914 @default.
- W2171415303 cites W653512082 @default.
- W2171415303 doi "https://doi.org/10.2139/ssrn.2439886" @default.
- W2171415303 hasPublicationYear "2014" @default.
- W2171415303 type Work @default.
- W2171415303 sameAs 2171415303 @default.
- W2171415303 citedByCount "11" @default.
- W2171415303 countsByYear W21714153032014 @default.
- W2171415303 countsByYear W21714153032015 @default.
- W2171415303 countsByYear W21714153032017 @default.
- W2171415303 countsByYear W21714153032018 @default.
- W2171415303 countsByYear W21714153032019 @default.
- W2171415303 countsByYear W21714153032020 @default.
- W2171415303 countsByYear W21714153032021 @default.
- W2171415303 crossrefType "journal-article" @default.
- W2171415303 hasAuthorship W2171415303A5084024917 @default.
- W2171415303 hasBestOaLocation W21714153032 @default.
- W2171415303 hasConcept C10138342 @default.
- W2171415303 hasConcept C117797892 @default.
- W2171415303 hasConcept C139719470 @default.
- W2171415303 hasConcept C144133560 @default.
- W2171415303 hasConcept C15744967 @default.
- W2171415303 hasConcept C162324750 @default.
- W2171415303 hasConcept C175025494 @default.
- W2171415303 hasConcept C176923680 @default.
- W2171415303 hasConcept C183582576 @default.
- W2171415303 hasConcept C19244329 @default.
- W2171415303 hasConcept C23952128 @default.
- W2171415303 hasConcept C2778300220 @default.
- W2171415303 hasConcept C2781151444 @default.
- W2171415303 hasConcept C542102704 @default.
- W2171415303 hasConcept C73283319 @default.
- W2171415303 hasConceptScore W2171415303C10138342 @default.
- W2171415303 hasConceptScore W2171415303C117797892 @default.
- W2171415303 hasConceptScore W2171415303C139719470 @default.
- W2171415303 hasConceptScore W2171415303C144133560 @default.
- W2171415303 hasConceptScore W2171415303C15744967 @default.
- W2171415303 hasConceptScore W2171415303C162324750 @default.
- W2171415303 hasConceptScore W2171415303C175025494 @default.
- W2171415303 hasConceptScore W2171415303C176923680 @default.
- W2171415303 hasConceptScore W2171415303C183582576 @default.
- W2171415303 hasConceptScore W2171415303C19244329 @default.
- W2171415303 hasConceptScore W2171415303C23952128 @default.
- W2171415303 hasConceptScore W2171415303C2778300220 @default.
- W2171415303 hasConceptScore W2171415303C2781151444 @default.
- W2171415303 hasConceptScore W2171415303C542102704 @default.
- W2171415303 hasConceptScore W2171415303C73283319 @default.
- W2171415303 hasLocation W21714153031 @default.
- W2171415303 hasLocation W21714153032 @default.
- W2171415303 hasOpenAccess W2171415303 @default.
- W2171415303 hasPrimaryLocation W21714153031 @default.