Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/59371
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dc.contributor.authorDu, Yujia
dc.contributor.authorWang, Sheng
dc.contributor.authorZhao, Zhenzhen
dc.date.accessioned2014-05-02T07:35:04Z
dc.date.available2014-05-02T07:35:04Z
dc.date.copyright2014en_US
dc.date.issued2014
dc.identifier.urihttp://hdl.handle.net/10356/59371
dc.description.abstractSurging growth of shadow banking activities in China has drawn great attention. However, past literature provides little information on which part of shadow banking creates excessive risks and which party suffers the most should there be losses. To fill the research gap, we identify the shadow banking components, evaluate the underlying driving forces of the size, investigate the default risk of the debtors and analyse the risk transfer mechanisms. Results have shown that individual and corporate investors suffer the most under small and medium scale of defaults. The banks are reasonably safe but are vulnerable to systemic risk created by the principal-agent problem. In the future, we expect there will be more but small-scale of default events, which is unlikely to trigger uncontrollable crisis. In view of the current policies, the effectiveness is limited. Cost and benefit of shadow banking should be re-evaluated to provide more sensible solutions to the current problems.en_US
dc.format.extent38 p.en_US
dc.language.isoenen_US
dc.rightsNanyang Technological University
dc.subjectDRNTU::Social sciencesen_US
dc.titleShadow banking system in China : problems and prospectsen_US
dc.typeFinal Year Project (FYP)en_US
dc.contributor.supervisorYip Sau Leungen_US
dc.contributor.schoolSchool of Humanities and Social Sciencesen_US
dc.description.degreeBachelor of Artsen_US
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Appears in Collections:HSS Student Reports (FYP/IA/PA/PI)
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