shadow banking system en · NOUN
Etymology
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.
Meanings
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(derogatory) Non-bank financial institutions, that, like banks, borrow short and in liquid forms and lend or invest long in more illiquid assets.
Given the Chinese banking sector's predominance in the economy, it seems surprising that China appears to need another, parallel, shadow banking system.
2016, Ning Zhu, China's Guaranteed Bubble […] , McGraw Hill, →ISBN, page 35:Meronym: private credit
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| shadow banking systems | Number=Plur | lexicographic |