China's Shadow Banking: Bank's Shadow and Traditional Shadow Banking

China's Shadow Banking: Bank's Shadow and Traditional Shadow Banking

China's Shadow Banking: Bank's Shadow and Traditional Shadow Banking

BIS Working Papers | No 822 | 08 November 2019by Guofeng SunPDF full text (1,052kb) | 47 pagesFocusBanks' shadow, or money creation by banks beyond traditional loans, plays an important role in China's money-creation process. This poses a number of challenges to monetary policy operations and financial risk management.

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