| Nº Sistema |
000472286 |
| Autor |
 Abad, Jorge |
|
D’Errico, Marco |
|
Killeen, Neil |
|
Luz, Vera |
|
Peltonen, Tuomas A. |
|
Portes, Richard |
|
Urbano, Teresa |
| Título |
Mapping exposures of EU banks to the global shadow banking system [Recurso electrónico] / Jorge Abad, Marco D’Errico, Neill Killeen, Vera Luz, Tuomas Peltonen, Richard Portes, Teresa Urbano. |
| Publicado en |
Journal of Banking and Finance [Artículos], v. 134, January 2022, 106168 |
| Nota general |
Artículo de revista |
| Resumen |
This paper provides a unique snapshot of the asset exposures of EU banks to shadow banking entities within the global financial system. Drawing on a rich and novel dataset, we show that 60% of the EU banks’ exposures are towards non-EU entities, particularly US-domiciled shadow banking entities. We assess the degree of concentration across different types of shadow banking counterparties. We show that while banks’ exposures are diversified at the individual level, this diversification leads to high overlap across different types of shadow banking entities, with consequent systemic risk. We also examine how bank-and country-level characteristics relate to the exposures of EU banks to shadow banking entities. Our results emphasise the importance of monitoring these cross-border and cross-sector exposures and closing remaining data gaps. (c) 2021 Elsevier B.V. All rights reserved. [Resumen de la editorial] [eng] |
| Restricciones |
Acceso electrónico RESTRINGIDO por IP a los usuarios de la Biblioteca del Banco de España |
| Acceso electrónico |
 Acceso al texto completo. |
| Relacionado con |
ESRB Working Papers; March 2017 |
| Clasificación |
G21-Instituciones crediticias de depósito. |
|
G22-Instituciones financieras no bancarias. |
|
G7-Regulación y supervisión de instituciones financieras. |
|
F-Economía internacional. |
| Materia |
Países de la UE |
