Journal of Financial Economic Policy: Volume 6 Issue 3

Shadow banking in China: expanding scale, evolving structure

Tong Li

This paper aims to survey available data sources and put China’s shadow banking system in perspective. Although bank loans still account for the majority of credit provided to…

Assessing sovereign risk: the case of rich countries

Norbert Gaillard

This paper aims to shed new light on the inability of credit rating agencies (CRAs) to forecast the recent defaults and so-called quasi-defaults of rich countries. It also…

Do volume and open interest explain volatility?: An inquiry into the Indian commodity markets

Debasish Maitra

The purpose of the paper is to study the explainability of expected and unexpected trade volume and open interest as information flow, and the asymmetric effects of unexpected…

Banking regulation and supervision: can it enhance stability in Europe?

Faten Ben Bouheni

This paper aims to find the effects of regulatory and supervisory policies on bank risk-taking. The same regulation and supervision have different effects on bank risk-taking…

Do banks propagate debt market shocks?

Galina Hale, João A.C. Santos

This paper aims to analyze how banks transmit shocks that hit the debt market to their borrowers. Recent financial crisis demonstrated that the banking system can be a pathway for…