Imperial College London
Alternate

Professor Franklin Allen

Business School

Interim Dean of Imperial College Business School (ICBS)
 
 
 
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Contact

 

+44 (0)20 7594 9195f.allen Website CV

 
 
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Location

 

2.05B52-53 Prince's GateSouth Kensington Campus

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Summary

 

Publications

Citation

BibTex format

@article{Allen:2021:10.1111/manc.12331,
author = {Allen, F and Gu, X},
doi = {10.1111/manc.12331},
journal = {The Manchester School},
pages = {407--419},
title = {Shadow banking in China compared to other countries},
url = {http://dx.doi.org/10.1111/manc.12331},
volume = {89},
year = {2021}
}
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RIS format (EndNote, RefMan)

TY  - JOUR
AB  - China's shadow banking has been rising rapidly in the last decade, mainly driven by regulations for banks, the Fiscal Stimulus Plan in 2008 and credit constraints in restrictive industries. This sector has continued growing although the regulators repeatedly attempted to impose new regulations on banks and nonbanks. The existence of shadow banking fulfills the high demand for funding. The standard view is that it poses risks to financial stability. However, in China, this is not necessarily the case. Entrusted loans, implicit guarantees from nonbanks, banks or government may provide a secondbest arrangement in funding risky projects and improving welfare.
AU  - Allen,F
AU  - Gu,X
DO  - 10.1111/manc.12331
EP  - 419
PY  - 2021///
SN  - 1463-6786
SP  - 407
TI  - Shadow banking in China compared to other countries
T2  - The Manchester School
UR  - http://dx.doi.org/10.1111/manc.12331
UR  - https://onlinelibrary.wiley.com/doi/10.1111/manc.12331
UR  - http://hdl.handle.net/10044/1/80741
VL  - 89
ER  -
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