02031cas a2200253 a 4500 AALejournalIMF018287 230101c9999 xx r poo 0 0eng d 20.00 USD 9781484343883 2616-5333 BD-DhAAL BD-DhAAL Adrian, Tobias. Shadow Banking and Market-Based Finance / Tobias Adrian, Bradley Jones. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (47 pages) Departmental Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Variants of nonbank credit intermediation differ greatly. We provide a conceptual framework to help distinguish various characteristics-structural features, economic motivations, and risk implications-associated with different forms of nonbank credit intermediation. Anchored by this framework, we take stock of the evolution of shadow banking and the extent of its transformation into market-based finance since the global financial crisis. In light of the substantial regulatory and supervisory responses of recent years, we highlight key areas of progress while drawing attention to elements where work still needs to be done. Case studies of policy challenges arising in different jurisdictions are also discussed. While many of the amplification forces that were at play during the global financial crisis have diminished, the post-crisis reform agenda is not yet complete, and policy makers must remain attentive to new challenges looming on the horizon. Mode of access: Internet Jones, Bradley. Departmental Papers; Departmental Paper ; No. 2018/013 Full text available on IMF http://elibrary.imf.org/view/journals/087/2018/013/087.2018.issue-013-en.xml IMF e-Library