shadow banking system
nounEtymology
Coined by Paul McCulley in 2007. Parallel with earlier constructions such as shadow cabinet and shadow government as names for quasi-institutions running unofficially in parallel with the official institutions.
Definitions
Non-bank financial institutions, that, like banks, borrow short and in liquid forms and…
Non-bank financial institutions, that, like banks, borrow short and in liquid forms and lend or invest long in more illiquid assets.
- Meronym: private credit
- Given the Chinese banking sector's predominance in the economy, it seems surprising that China appears to need another, parallel, shadow banking system.
The neighborhood
Vish — recursive loop
No curated loop yet for shadow banking system. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA