Temelkov, Zoran and Gulev, Gule (2019) Perspectives of the shadow banking in the global financial architecture - review of the case with China. SocioBrains, International scientific refereed online journal with impact factor (56). pp. 65-72. ISSN 2367-5721
Preview |
Text
10 Zoran Temelkov, Gule Gulev.pdf - Published Version Download (645kB) | Preview |
Abstract
Existence of a parallel banking system along with the traditional banking system has been pointed
out as one of the factors which caused the last financial crisis. This parallel system has been criticized because
it offered financial products and services, which have been traditionally offered by the banks, in unregulated
environment, meaning that the institutions conducting activities in the shadow banking should not adhere to the
banking rules and regulations.
Because of lack of formal oversight and control, this system is considered to pose a threat for the financial
stability as well as economic stability. Nevertheless, Chinese economy has considerably large shadow banking
system, which is marked with constant growth. The size of the shadow banking system in China is created
because this system is able to cover the financing gap which exists in the economy. It has been suggested that
shadow banking system in China is directly creating portion of the economic growth.
| Item Type: | Article |
|---|---|
| Subjects: | Social Sciences > Economics and business |
| Divisions: | Faculty of Tourism and Business Logistics |
| Depositing User: | Zoran Temelkov |
| Date Deposited: | 28 May 2019 08:45 |
| Last Modified: | 28 May 2019 08:45 |
| URI: | https://eprints.ugd.edu.mk/id/eprint/22062 |
Actions (login required)
 |
View Item |