The Role of Banking and Shadow Banking Sector in the Euro Area: Relationship Assessment via Dynamic Correlation
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F16%3A86098186" target="_blank" >RIV/61989100:27510/16:86098186 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The Role of Banking and Shadow Banking Sector in the Euro Area: Relationship Assessment via Dynamic Correlation
Original language description
Financial sector comprises many types of institutions, among others shadow banking institutions. Shadow banking activities can be associated with the potential financial instability because they are realised outside the regulated banking sector. The aim of the paper is to assess the relationship between the banking and shadow banking activities and credit lending standards imposed by banking institutions in Euro Area countries. For such aim we use correlation analysis. In deep view into dependence structure is done via dynamic correlation. We use quarterly data over the period 2003-2015. However, an attention is paid to the period during and after the financial crisis where the particular role of shadow bank institutions seems to be important. We conclude that banking institutions of the analysed Euro Area countries originated fewer loans in reaction to tighter lending standards (imposed by banking institutions on their loans). However, the expected positive impact of tighter lending standards, higher interest rates and higher capital requirements on loans provided by shadow banking institutions is confirmed only in some periods and frequency ranges.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
34th International Conference Mathematical Methods in Economics (MME) : proceedings papers
ISBN
978-80-7494-296-9
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
471-476
Publisher name
Technická univerzita Liberec
Place of publication
Liberec
Event location
Liberec
Event date
Sep 6, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000385239500081