The shadow banking system and the new phase of the money manager capitalism

Prates, Daniela Magalhães; Farhi, Maryse

doi:10.1080/01603477.2015.1049925

Cited by 8 publications

(2 citation statements)

References 15 publications

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“…With these new functions, banks evolved to financial institutions called "do-it-all" groups, "financial supermarket", or "fullservice" banksand form a very concentrated industry around the globe (Pastré (2007); Plihon et al (2006)). In these institutions, capital markets are used as a source of income in addition to the traditional functions of commercial banks (Prates and Farhi, 2015).…”

Section: The Increasing Importance Of Markets and The Evolution Of Bamentioning

confidence: 99%

Financialization at the international level: evidence from emerging market economies

Ramos

2017

Econ. soc.

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The paper focuses on the manifestations of financialization in the international sphere, which it defines as the increasing magnitude of finance and its decoupling from earlier functions and logic as the speculative motive is strengthened. With financialization the motive of finance is no longer to finance trade and production but to accumulate wealth, which in emerging market economies (EMEs) takes place through innovative products and practices that have in common the focus on exchange rate returns, resulting in a strengthened speculative motive. The article reviews the financialization literature highlighting how the different closed-economy aspects impact the international sphere. It conducts empirical analyses based on the financial integration of a country and on the characteristics of its currencies’ FX markets to assess the presence of financialization and its characteristics among EMEs, indicating certain countries where this process is more intense.

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Section: The Increasing Importance Of Markets and The Evolution Of Bamentioning

confidence: 99%

Financialization at the international level: evidence from emerging market economies

Ramos

2017

Econ. soc.

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“…With these new functions, banks evolved to financial institutions called "do-it-all" groups, "financial supermarket", or "full-service" banks. In these new structures, capital markets are used as a source of income along with the traditional functions of commercial banks (Prates and Farhi, 2015). These changes in interaction between banks and markets and the high degree of concentration in the provision of banking services have occurred around the globe (Pastr (2007); Plihon et al (2006)).…”

Section: The Increasing Importance Of Markets and The Evolution Of Bankingmentioning

confidence: 99%

Financialization and its implications on the determination of exchange rates of emerging market economies

Ramos¹

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Transformation of the Banking System as a Way to Minimize Information Asymmetry

Kuzmina

Konovalova

Chulova

2019

Lecture Notes in Networks and Systems

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The shadow banking system and the new phase of the money manager capitalism

Cited by 8 publications

References 15 publications

Financialization at the international level: evidence from emerging market economies

Financialization at the international level: evidence from emerging market economies

Financialization and its implications on the determination of exchange rates of emerging market economies

Transformation of the Banking System as a Way to Minimize Information Asymmetry

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