In the 2008 global financial crisis, the shadow banking system acts as a major role to produce the financial crisis. Therefore, in recent years, the
financial regulators increase the supervision of
the shadow banking system, and the term
"shadow banking system" also appeared in the
economic news and research papers more and more. In those articles, there has one attracted my attention, the Wall Street
Journal’s
paper. And the view point of this paper is: Based on the Chinese shadow Banking System, the nest sub-prime
will be occurring in China. Because China is my hometown, I
really care about the future of my country; however in our class, the study of
regulating shadow banking system is not detailed, therefore, in this blog,
I will focus on the regulation of shadow banking system in China. Try to
understand the following question: What is shadow banking system, the
characteristics of the shadow banking system in China, does
the government need to regulate the shadow bank in China, the
regulation of Shadow Banking System in foreign countries, and the suggestion of
Chinese government supervises and regulates the shadow banking system.
Before the main body of my blog, there have a video, can explain the relationship between the shadow banking system and the 2008 economic crisis faultlessly, hope have fun.
Some related articles and news
English articles (click the title, it will link to the paper)
Pozsar, Z. Adrian, T. Ashcraf, A. and Boesky, H. (2010) Shadow Banking, FederalReserve Bank of New York Staff Reports
Gorton, G. and Metrick, A. (2010) Regulating the Shadow Banking System. Research paper of Yale and NBER
Adrian, T. and Shin, H. (2009) The Shadow Banking System: Implications for Financial Regulation, Federal Reserve Bank of New York Staff Reports
Hu, Y. (2011) China Banks: Shadow banking conundrum, Research paper of HSBC
Chinese article
Li, S. (2011). Regulation of Shadow Banking System. Journal of China Bond.
Xin, Q. (2010) The Shadow Banking System. Taipei: Meilin Press Ltd.
News:
http://topic.eastmoney.com/financeearn/
http://www.bbvaresearch.com/KETD/fbin/mult/110821_Shadow_Banking_EN_tcm348-266397.pdf?ts=332012
http://doc.mbalib.com/view/215ed85d978d8d3cfcf531c8a754989a.html
http://doc.mbalib.com/view/314537b622402d6b95bb30abbbd7ea4f.html
http://blogs.wsj.com/marketbeat/2011/10/25/chinas-shadow-banking-system-the-next-subprime/
http://www.csstoday.net/Item/8264.aspx
http://finance.sina.com.cn/review/jcgc/20111209/113610965496.shtml
http://www.ftchinese.com/story/001041183
http://xb.21cbh.com/HTML/2012-1-26/1MMDAwMDI1OTI1Mg.html
http://www.51tot.com/n5842.html
http://news.xinhuanet.com/fortune/2011-05/31/c_121476544.htm
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