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Contribution Details

Type Master's Thesis
Scope Discipline-based scholarship
Title Impact of Shadow Banking on the Financial Stability of China
Organization Unit
Authors
  • Meng Zhou
Supervisors
  • Jacqueline Haverals
  • Michel Habib
Language
  • English
Institution University of Zurich
Faculty Faculty of Business, Economics and Informatics
Number of Pages 31
Date 2018
Abstract Text The thesis aims to investigate the impact of shadow banking on the financial stability in China both theoretically and empirically. Most of the existing researches on shadow banking sector stay on the theoretical level. Firstly, an overview of the shadow banking system in China is given based on existing researches. The thesis concludes the characteristics of shadow banking and builds up a criterion to define the shadow banking. Based on the criterion, the shadow banks calling for urgent attention are included when measuring the system size. Secondly, stability indexes for four sectors are introduced by combining individual indicators. Previous studies and official publications are taken into consideration when choosing the indicators. Finally, the empirical study confirms the long-run relations among shadow banking and sectors' stabilities as well as the threshold effect of shadow banking size on banking system's stability.
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