Economic uncertainty and non-bank financial intermediation: Evidence from a European panel (CROSBI ID 321526)
Prilog u časopisu | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Hodula, Martin ; Škrabić Perić, Blanka ; Sorić, Petar
engleski
Economic uncertainty and non-bank financial intermediation: Evidence from a European panel
In the paper, we measure the connection between (economic) uncertainty and dynamics of the shadow banking sector in a panel of 27 European countries spanning the 1999Q1-2021Q4 period. Our results show that the shadow banking sector growth declines heavily during stressful periods associated with a hike in market uncertainty and risk-aversion but also uncertainty related to the economic policy conduct. Results question the ability of the shadow banking sector to secure funding to the economy during less tranquil times when liquidity quickly evaporates.
shadow banking ; non-bank financial intermediation ; economic uncertainty ; risk aversion
nije evidentirano
nije evidentirano
nije evidentirano
nije evidentirano
nije evidentirano
nije evidentirano