China's shadow banking sector: recent developments and systemic risk assessment

• Autorzy: Cieslik E.

Warianty tytułu

PL

Chiński sektor bankowości nieformalnej: postępy i ocena ryzyka systemowego

• Języki publikacji: EN

Abstrakty

EN

It is said that the shadow banking system could be one of a variety of sources for the current global financial crisis. This sector also exists in China in a lesser advanced form than in Western economies in terms of instruments, risk measures or regulations. The official definition of China’s shadow banking has not been developed yet. The article presents the current stage of China’s shadow banking development, the size of this sector, recent studies focus on the role of informal financing in China’s economic growth and the risk derives from expanding shadow banking instruments. Due to the lack of risk measuring institutions and lack of data concerning Chinese shadow banking, Western concepts of systemic risk measurement cannot be applied in China. Consequently this paper adopts simple approach to systemic risk assessment.

PL

Bankowość nieformalną (shadow banking) można uznać za jedno z wielu źródeł obecnego globalnego kryzysu finansowego. Sektor ten wykształcił się także w Chinach, ale w mniej zaawansowanej formie niż w krajach rozwiniętych, biorąc pod uwagę instrumenty, sposoby oceny ryzyka i regulacje. Dodatkowo, w Chinach nadal nie opracowano oficjalnej definicji bankowości nieformalnej. W artykule przedstawiono: aktualny stan rozwoju shadow banking w Chinach, rozmiary tego sektora, ostatnie badania dotyczące roli finansowania nieformalnego w stymulowaniu chińskiego wzrostu gospodarczego oraz ryzyko wynikające z instrumentów bankowości nieformalnej. Ze względu na brak wykształconych instrumentów oceny ryzyka i danych dotyczących chińskiego sektora nieformalnego zachodnie koncepcje pomiaru ryzyka systemowego nie znajdują zastosowania w Państwie Środka. W artykule zastosowano dlatego proste podejście do oceny ryzyka systemowego.

Słowa kluczowe

EN

China; banking; shadow banking; development; systemic risk; risk assessment; financial system

• Wydawca: -
• Czasopismo: Acta Scientiarum Polonorum. Oeconomia
• Rocznik: 2014
• Tom: 13
• Numer: 2
• Opis fizyczny: p.25-36,ref.

Twórcy

autor

Cieslik E.

• Faculty of International Business and Economics, Poznan University of Economics, Al.Niepodleglosci 10, 61-875 Poznan, Poland

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