Zhou, Sheunesu; Tewari, Devi D. - In: Cogent Economics & Finance 7 (2019) 1, pp. 1-17
This study investigates the nexus between shadow banking, bank risk and monetary policy in emerging economies. The … between monetary policy and shadow banking. Specifically, an increase in the central bank policy rate results in a decrease in … shadow bank asset growth. In addition, we find a positive association between shadow banking and bank risk. Monetary policy …