CONTEMPORARY APPROACHES IN THE ANALYSIS OF ECONOMIC PERFORMANCES
SECURITIZATION IN EUROPE AND THE ROLE OF SHADOW BANKING INSTITUTIONS
Svetlana Popović, Velimir Lukić, Irena Janković
Abstract: Shadow banking system came into focus of numerous studies and policy debates, after the crisis emerged. Concerns about financial stability were especially highlighted, due to very high systemic risk capacities of institutions that compose shadow banking system, but also other (more regulated) institutions that perform activities that might be classified as shadow bank activities. Paper explains the reasons that influenced the rise of shadow banking in the world, and analyze the data on the relative size of shadow banking in advanced economies. It than analysis the structure and main characteristics of European shadow banking system, and focus on their role in the securitization process. This is especially important since European traditional banks are increasingly engaged in the securitization process- both in Europe and US, and they became increasingly dependant on the conditions on different markets of structured financial products.
Keywords: shadow banking system, securitization, systemic risk
Published: p. 223-232
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