Pregled bibliografske jedinice broj: 1254109
Economic uncertainty and non-bank financial intermediation: Evidence from a European panel
Economic uncertainty and non-bank financial intermediation: Evidence from a European panel // Finance Research Letters, 53 (2023), 103675, 6 doi:10.1016/j.frl.2023.103675 (međunarodna recenzija, članak, znanstveni)
CROSBI ID: 1254109 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Economic uncertainty and non-bank financial
intermediation: Evidence from a European panel
Autori
Hodula, Martin ; Škrabić Perić, Blanka ; Sorić, Petar
Izvornik
Finance Research Letters (1544-6123) 53
(2023);
103675, 6
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
shadow banking ; non-bank financial intermediation ; economic uncertainty ; risk aversion
Sažetak
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.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Projekti:
IP-2018-01-4189 - EKONOMSKI SENTIMENT: STATISTIČKI, POLITIČKI, BIHEVIORALNI I MEDIJSKI ASPEKTI NJEGOVOG UTJECAJA NA EKONOMSKU AKTIVNOST (EconSent) (Sorić, Petar, HRZZ - 2018-01) ( CroRIS)
Ustanove:
Ekonomski fakultet, Split,
Ekonomski fakultet, Zagreb
Citiraj ovu publikaciju:
Časopis indeksira:
- Current Contents Connect (CCC)
- Web of Science Core Collection (WoSCC)
- Social Science Citation Index (SSCI)
- SCI-EXP, SSCI i/ili A&HCI
- Scopus
