The Handbook of Global Shadow Banking, Volume II

This global handbook provides an up-to-date and comprehensive overview of shadow banking, or market-based finance as it has been recently coined. Engaging in financial intermediary services outside of normal regulatory parameters, the shadow banking sector was arguably a critical factor in causing the 2007-2009 financial crisis.

This second volume explores three particular domains of shadow banking. The first domain deals with the macro-economic fundamentals of the respective shadow banking segments: Why do they exist, what problems do they solve and why are some of their embedded risks so persistent? The second domain captures the global dimensions of shadow banking markets, reviewing the particularities and specifics of various shadow banking systems around the world. Volume II concludes with an extensive overview of how the sector has changed since the financial crisis, focusing on regulatory arbitrage, contract imperfection and governance.

Closing on unresolved issues and open-ended questions that will no doubt remain prominent in the shadow banking sector for years to come, this handbook is a must-read for professionals and policy-makers within the banking sector, as well as those researching economics and finance.

• Macroeconomics of shadow banking
• Monetary policy
• Liquidity
• Financial stability
• Non-bank financial intermediation
• Financial intermediation
• Offshore financial centers
• Pigovian tax model
• Bank capital requirements
• Systemic risk
• Financial crisis
• Basel III
• Financial regulation
• regulatory arbitrage
• contract imperfection
• governance
• banking
• financial crises

• Hong Kong, China

  Luc Nijs

Luc Nijs is the founder, chair and group CEO of The Talitha Group, a global investment and advisory group built around seven global growth platforms. Also providing extensive advisory services and financial training for corporations, investment funds and financial institutions, The Talitha Group is active in 190 countries worldwide on a range of strategy, investments and capital allocation issues. Luc has held academic positions at universities and business school in Madrid, Riga and Leiden, teaching in the areas of international capital markets, asset pricing, and corporate finance and valuation. Having studied law, finance, economics, business administration, international taxation and theology, he is also proficient in eight – mostly European – languages. Luc is the author of a number of bestselling books on emerging market investments, financial law, international finance and taxation, and capital market affairs.

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