№ 60-3 (том 1): ОБРАЗОВАНИЕ И НАУКА В XXI ВЕКЕ, Март, 2025
Научно-образовательные статьи

THE ROLE OF SHADOW BANKING IN SYSTEMIC RISK: AN EMPIRICAL ANALYSIS OF NON-BANK FINANCIAL INTERMEDIARIES IN GLOBAL FINANCIAL MARKETS

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  • Nurmuhammedov Maksat,
  • Babayeva Bibihajar,
  • Akynyyazov Edep,
  • Allanurov Sohbet
Nurmuhammedov Maksat
Yagshygeldi Kakayev International oil and gas university of Turkmenistan
Babayeva Bibihajar
Yagshygeldi Kakayev International oil and gas university of Turkmenistan
Akynyyazov Edep
Yagshygeldi Kakayev International oil and gas university of Turkmenistan
Allanurov Sohbet
Yagshygeldi Kakayev International oil and gas university of Turkmenistan

Опубликован 26.03.2025

Как цитировать

M. Nurmuhammedov, B. Babayeva, E. Akynyyazov, & S. Allanurov. (2025). THE ROLE OF SHADOW BANKING IN SYSTEMIC RISK: AN EMPIRICAL ANALYSIS OF NON-BANK FINANCIAL INTERMEDIARIES IN GLOBAL FINANCIAL MARKETS. ОБРАЗОВАНИЕ И НАУКА В XXI ВЕКЕ, 60-3 (том 1). https://mpcareer-google.ru/index.php/journal/article/view/1310

Аннотация

Shadow banking, comprising non-bank financial intermediaries, has grown significantly in global financial markets, raising concerns about its role in systemic risk. This paper empirically examines the relationship between shadow banking activities and systemic risk, focusing on the mechanisms through which non-bank financial intermediaries contribute to financial instability. Using a comprehensive dataset spanning major global financial markets from 2005 to 2020, the study employs panel regression analysis and network modeling to assess the impact of shadow banking on systemic risk indicators such as credit spreads, liquidity shortages, and contagion effects.

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Библиографические ссылки

  1. Adrian, T., & Shin, H. S. (2010). Liquidity and leverage. Journal of Financial Intermediation, 19(3), 418-437.
  2. Claessens, S., & Ratnovski, L. (2014). What is shadow banking? IMF Working Paper, 14(25).
  3. Gennaioli, N., Shleifer, A., & Vishny, R. W. (2013). A model of shadow banking. Journal of Finance, 68(4), 1331-1363.
  4. Pozsar, Z., Adrian, T., Ashcraft, A., & Boesky, H. (2010). Shadow banking. Federal Reserve Bank of New York Staff Reports, 458.