4,322
Views
29
CrossRef citations to date
0
Altmetric
Introduction

The political economy of shadow banking

&

REFERENCES

  • Adrian, T. and Shin, H. S. (2010) ‘The changing nature of financial intermediation and the financial crisis of 2007–2009’, Annual Review of Economics 2: 603–18.
  • Baba, N., McCauley, R. and Ramaswamy, S. (2009) ‘US dollar money market funds and non-US banks’, BIS Quarterly Review (March): 65–81.
  • Baker, A. (2013) ‘The gradual transformation? The incremental dynamics of macroprudential regulation’, Regulation & Governance 7(4): 417–34.
  • Blyth, M. (2002) Great transformations: economic ideas and institutional change in the twentieth century. Cambridge: Cambridge University Press.
  • Blyth, M. (2013) Austerity: The History of a Dangerous Idea, New York, NY: Oxford University Press.
  • Braun, B. (2016) ‘From performativity to political economy: index investing, ETFs and asset manager capitalism’, New Political Economy 21(3): 257–73.
  • Buthe, T. and Mattli, W. (2011) The New Global Rulers: The Privatization of Regulation in the World Economy, Princeton, NJ: Princeton University Press.
  • Claessens, S., Ratnovski, L. and Singh, M.M. (2012) Shadow banking: economics and policy. No. 12. Washington, DC: International Monetary Fund.
  • Deloitte, (2012), The Deloitte Shadow Banking Index. Shedding Light on Banking's Shadows, Deloitte Center for Financial Services, accessed at https://www.corporatecontrol.de/app/download/5784745558/US_FSI_The_Deloitte_Shadow_Banking_052912.pdf, 16 November 2016
  • Farrell, H and Newman, A. (2014) ‘Domestic institutions beyond the nation-state: charting the new interdependence approach’, World Politics 66(2): 331–63.
  • Financial Stability Board (2011). Global Shadow Banking Monitoring Report, accessed at: http://www.fsb.org/wp-content/uploads/r_111027a.pdf?page_moved=1, 16 November 2016.
  • Financial Stability Board (2012) Global Shadow Banking Monitoring Report. Basel: FSB.
  • Financial Stability Board. (2013) Global Shadow Banking Monitoring Report. Basel: FSB.
  • Financial Stability Board, (2015) Global Shadow Banking Monitoring Report; accessed at: http://www.fsb.org/2015/11/global-shadow-banking-monitoring-report-2015/, 16 November 2016
  • Gabor, D. and Ban C. (2016) ‘Banking on bonds: the new links between states and markets’, JCMS: Journal of Common Market Studies 54(3): 617–35.
  • Gabor, D. (2016) ‘A step too far? The European financial transactions tax on shadow banking’, Journal of European Public Policy 23(6): 925–45.
  • Genschel, P. and Schwarz, P. (2011) 'Tax competition: a literature review', Socio-Economic Review 9(2): 339–70.
  • Goldbach, R. (2015) Global Governance and Regulatory Failure: The Political Economy of Banking, New York, NY: Palgrave Macmillan.
  • Gorton, G. and Metrick, A, (2012) ‘Securitized banking and the run on repo’, Journal of Financial Economics 104(3): 425–51.
  • Green, J. and Hay C. (2015) ‘Towards a new political economy of the crisis: Getting what went wrong right’, New Political Economy 20(3): 331–41.
  • Hacker, J. S. and Pierson P. (2010) Winner-Take-All Politics: How Washington Made the Rich Richer-and Turned Its Back on the Middle Class, New York, NY: Simon & Schuster.
  • Hakelberg, L. (2016) ‘Coercion in international tax cooperation: identifying the prerequisites for sanction threats by a great power’, Review of International Political Economy; http://dx.doi.org/10.1080/09692290.2015.1127269
  • Helgadóttir, O. (2016) ‘The Bocconi Boys go to Brussels: Italian economic ideas, professional networks and European austerity’, Journal of European Public Policy 23 (3): 392–409.
  • International Monetary Fund (2014) Global Financial Stability Report, accessed at http://www.imf.org/external/pubs/ft/gfsr/2014/02/pdf/text.pdf, 16 November 2016
  • Johannesen, N. and Zucman G. (2014) ‘The end of bank secrecy? An evaluation of the G20 tax haven crackdown’, American Economic Journal: Economic Policy 6(1): 65–91.
  • Lysandrou, P. (2011) ‘Global inequality as one of the root causes of the financial crisis: a suggested explanation’, Economy and Society 40(3): 323–44.
  • Lysandrou, P. and Nesvetailova A. (2015) ‘The role of shadow banking entities in the financial crisis: a disaggregated view’, Review of International Political Economy 22(2): 257–79.
  • Matthijs, M. (2016). ‘The Euro's “Winner-Take-All” political economy: institutional choices, policy drift, and diverging patterns of inequality’, Politics & Society 44(3): 393–422.
  • Matthijs, M. (Forthcoming). ‘The Euro's “Winner-Take-All” political economy: institutional choices, policy drift, and diverging patterns of inequality’, Politics & Society.
  • Mattli, W. and Woods, N. (eds) (2009) The Politics of Global Regulation, Princeton, NJ: Princeton University Press.
  • McCulley, P. (2009) ‘The shadow banking system and Hyman Minsky's economic journey’, insights into the global financial crisis’, in B. Siegel Laurence (ed) Insights into the Global Financial Crisis, The Research Foundation of CFA Institute, pp. 257–68, accessed at: http://www.cfapubs.org/doi/pdf/10.2470/rf.v2009.n5.15, 16 November 2016.
  • McIntire, A. (2014) ‘Dodd-Frank's risk retention requirement: the incentive problem’, Banking and Financial Services Policy Report 33(5): 5–18.
  • Mehrling, P., (2010) The New Lombard Street: How the Fed Became the Dealer of Last Resort, Princeton, NJ: University Press.
  • Mehrling, P. (2012) ‘Three principles for market-based credit regulation’, The American Economic Review 102(3): 107–12.
  • Mehrling, P., Pozsar, Z., Sweeney, J. and Neilson, D. H. (2013) ‘Bagehot was a shadow banker: shadow banking, central banking, and the future of global finance.’ accessed at https://papers.ssrn.com/sol3/Papers.cfm?abstract_id=2232016, 16 November 2016
  • Moe, T. (2012) Shadow banking and the limits of central bank liquidity support: how to achieve a better balance between global and official liquidity’, Working Paper No. 712, April, Annandale-On-Hudson, NY: Levy Economics Institute of Bard College.
  • Moschella, M., and Tsingou E. (2013) ‘Regulating finance after the crisis: unveiling the different dynamics of the regulatory process’, Regulation & Governance 7(4): 407–16.
  • Mügge, D. (2010) Widen the Market, Narrow the Competition: Banker Interests and the Making of a European Capital Market. Colechester: ECPR Press.
  • Nesvetailova, A. (2015) ‘A crisis of the overcrowded future: shadow banking and the political economy of financial innovation,’ New Political Economy 20(3): 431–53.
  • Ostry, J. D. and Berg A. (2011) Inequality and Unsustainable Growth: Two Sides of the Same Coin? No. 11/08. Washington, DC: International Monetary Fund.
  • Pagliari, S. and Young, K. L. (2014) ‘Leveraged interests: financial industry power and the role of private sector coalitions’, Review of International Political Economy 21(3): 575–610.
  • Palan, R., Murphy, R. and Chavagneux, C. (2013) Tax havens: how globalization really works. Ithaca, NY: Cornell University Press.
  • Palan, R. and Nesvetailova, A. (2013) ‘The governance of the black holes of the World economy: shadow banking and offshore finance, (Report No. 2013-03). London: City Political Economy Research Centre (CITYPERC), Department of International Politics, City University London.
  • Palan, R. and Wigan, D. (2014) ‘Herding cats and taming tax havens: the US strategy of “not in my backyard’, Global Policy 5(3): 334–43.
  • Piketty, T, (2014) Capital in the Twenty-First Century, Cambridge: Cambridge University Press.
  • Pozsar, Z. (2008) ‘The rise and fall of the shadow banking system’, Regional Financial Review, 44: 13–5.
  • Pozsar, Z. (2013) 'Institutional cash pools and the Triffin dilemma of the US banking system', Financial Markets, Institutions & Instruments 22(5): 283–318.
  • Pozsar, Z., Adrian, T. Ashcraft, A. and Boesky, H. (2010) ‘The shadow banking system’, Staff Report no. 458, July, Washington, DC: Federal Reserve of New York.
  • Pozsar, Z. and Singh, M.M. (2011) 'The nonbank-bank nexus and the shadow banking system', IMF Working Papers 1–18.
  • Rixen, T. (2013) ‘Why reregulation after the crisis is feeble: Shadow banking, offshore financial centers, and jurisdictional competition’, Regulation & Governance 7(4): 435–59.
  • Schwarcz, S. L. (2012) 'Regulating shadow banking', Review of Banking and Financial Law 31(1): 619–42.
  • Seabrooke, L. and Wigan D. (2014) ‘Global wealth chains in the international political economy’, Review of International Political Economy 21(1): 257–63.
  • Seabrooke, L. and Wigan, D. (2015) ‘How activists use benchmarks: Reformist and revolutionary benchmarks for global economic justice’, Review of International Studies 41(5): 887–904.
  • Shin, H.S. (2009) 'Securitisation and financial stability.' The Economic Journal 119(536): 309–32.
  • Stockhammer, E. (2012) ‘Financialization, income distribution and the crisis’, Investigación Económica 71(279): 39–70.
  • Thiemann, M. (2014) ‘In the shadow of Basel: how competitive politics bred the crisis’, Review of International Political Economy 21(6): 1203–39.
  • Tsingou, E. (2015) ‘Club governance and the making of global financial rules’, Review of International Political Economy 22(2): 225–56.
  • Widmaier, W. (2016a) Economic Ideas in Political Time. Cambridge: Cambridge University Press.
  • Widmaier, W. (2016b) ‘The power of economic ideas–through, over and in–political time: the construction, conversion and crisis of the neoliberal order in the US and UK’, Journal of European Public Policy 23(3): 338–56.
  • Young, K. (2012) ‘Transnational regulatory capture? An empirical examination of the transnational lobbying of the Basel Committee on Banking Supervision’, Review of International Political Economy 19(4): 663–88.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.