Shadow Bank Funding in European Business Environment
Oasmaa, Jani (2019)
Oasmaa, Jani
2019
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2019060715377
https://urn.fi/URN:NBN:fi:amk-2019060715377
Tiivistelmä
The aim of this thesis is to investigate the growth of shadow banking and its particular influence on funding non-financial corporations in the euro area during the period of 2000-2018. The term emerged into public knowledge in the wake of financial crisis in 2007-2008 to illustrate credit intermediation activities partially or fully outside the regulated banking sector. It is implied that the robust growth of shadow banks played a central role in the Global Financial Crisis.
The thesis is designed to thoroughly explain the origin and development of the shadow banking sector and its expansion among rivalry European banks. While the thesis is specifically targeting the influence of shadow banks in corporate funding in euro area, the first sub chapters are established to give a profound description of its emergence with reference to the collapse of US housing market. Following the introductory parts, a more detailed view of the shadow banking sector in Europe accompanied with a quantitative analysis of the determinants for the growth of shadow bank credit issuance to euro area corporations.
The thesis demonstrates a neutral view of the prospective benefits and risks associated with European shadow banking institutions. It is evident that they boost the liquidity and foster competition in the European lending sector but likewise are subject to systemic risks.
The thesis is designed to thoroughly explain the origin and development of the shadow banking sector and its expansion among rivalry European banks. While the thesis is specifically targeting the influence of shadow banks in corporate funding in euro area, the first sub chapters are established to give a profound description of its emergence with reference to the collapse of US housing market. Following the introductory parts, a more detailed view of the shadow banking sector in Europe accompanied with a quantitative analysis of the determinants for the growth of shadow bank credit issuance to euro area corporations.
The thesis demonstrates a neutral view of the prospective benefits and risks associated with European shadow banking institutions. It is evident that they boost the liquidity and foster competition in the European lending sector but likewise are subject to systemic risks.