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Structural developments in global financial intermediation : the rise of debt and non-bank credit intermediation

Recurso electrónico / Electronic resource
Registro MARC
Tag12Valor
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003  MAP
005  20200417095636.0
008  200415s2020 fra|||| ||| ||eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎921.9
1001 ‎$0‎MAPA20200008118‎$a‎Patalano, Robert
24510‎$a‎Structural developments in global financial intermediation‎$b‎: the rise of debt and non-bank credit intermediation‎$c‎Robert Patalano, Caroline Roulet
260  ‎$a‎Paris‎$b‎OECD‎$c‎2020
300  ‎$a‎92 p.
4900 ‎$a‎OECD Working Papers on Finance, Insurance and Private‎$v‎Nº 44
520  ‎$a‎The global financial crisis of 2008 underlined the importance for policy makers in understanding the scale and types of financial intermediation in their economies. During the financial crisis, non-bank financial intermediation was of particular concern to authorities, as such forms of shadow banking', contributed to both the root causes of the crisis, the transmission of financial contagion, and the amplification of shocks. As this report is published, the rapid spread of the novel coronavirus Covid-19 has caused a global health crisis, has brought economic activity in some sectors to a halt, and has presented the greatest challenge to the global financial system since 2008. As then, understanding financial intermediation activities is critical to mapping the faultlines in the global financial system and mounting effective policy responses. However, the shape of financial intermediation has changed in important ways since the global financial crisis. Activities in non-bank intermediation, including market-based intermediaries like investment funds and securitised products, have grown and are increasingly interconnected with financial markets. Understanding the interplay between these elements, and the benefits and risks of each, offers a more complete understanding of how global finance can contribute to sustainable economic growth. It also helps provide the full picture needed to help policy makers prepare for and respond to shocks, including pandemics.
650 4‎$0‎MAPA20080597641‎$a‎Mercados financieros
650 4‎$0‎MAPA20080619695‎$a‎Intermediarios financieros
650 4‎$0‎MAPA20080582401‎$a‎Riesgo crediticio
650 4‎$0‎MAPA20080579814‎$a‎Crisis financiera
650 4‎$0‎MAPA20080591014‎$a‎Fondos de inversión
650 4‎$0‎MAPA20080586874‎$a‎Política monetaria
7001 ‎$0‎MAPA20200008125‎$a‎Roulet, Caroline
7102 ‎$0‎MAPA20080432676‎$a‎OECD
830 0‎$0‎MAPA20200008132‎$a‎OECD Working Papers on Finance, Insurance and Private‎$v‎Nº 44