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The Growth of Shadow Banking: A Comparative Institutional Analysis

15 oct 2018 17:00 - 19:00
Sciences Po
Amphithéâtre Simone Veil
28, rue des Saint-Pères
75007 Paris

Conférence de Matthias Thiemann (résident 2016-2017 de l'IEA de Paris) à l'occasion de la parution de son ouvrage The Growth of Shadow Banking: A Comparative Institutional Analysis (Cambridge University Press, 2018)


The 'shadow banking system' refers to a system of credit-provision occurring outside of the official regulatory perimeter of commercial banks. Facilitated by securitization vehicles, mutual funds, hedge funds, investment banks and mortgage companies, the function and regulation of these shadow banking institutions has come under increasing scrutiny after the subprime crisis of 2007–8. Matthias Thiemann examines how regulators came to tolerate the emergence of links between the banking and shadow banking systems. Through a comparative analysis of the US, France, the Netherlands and Germany, he argues that fractured domestic and global governance systems determining the regulatory approach to these links ultimately aggravated the recent financial crisis. Since 2008, shadow banking has even expanded and the incentives for banks to bend the rules have only increased with increasing regulation. Thiemann's empirical work suggests how state-finance relations could be restructured to keep the banking system under better state control.

Plus d'informations et inscription (site de Sciences Po)

Le contrôle des risques systémiques : la réglementation macroprudentielle comme projet cognitif et politico-­‐économique
01 février 2017 - 30 juin 2017
15 Oct 2018 19:00
Matthias Thiemann
Conférences, interventions et entretiens
Époque contemporaine (1789-...)
Europe occidentale