Shadow banking, macroprudential regulation and redistributional effects
(2024)
Journal Article
Rubio, M. (2024). Shadow banking, macroprudential regulation and redistributional effects. European Journal of Finance, https://doi.org/10.1080/1351847X.2024.2401590
This paper studies the implications of increasing the size of the shadow banking sector for economic activity, financial stability, and welfare. I consider a DSGE model in which lending can come from two different sources; a formal bank or private le... Read More about Shadow banking, macroprudential regulation and redistributional effects.