The bright side of shadow banking : evidence from trade credit in China
by Ding Minjie
THESIS
2023
M.Phil. Economics
1 online resource (viii, 34 pages) : color illustrations
Abstract
The impact of shadow banking on the financial system and
economy is complex. This paper provides micro-firm-level empirical
evidence of the positive effects of shadow banking led by non-financial
firms. Specifically, the study finds that trade credit through shadow
banking can help small private firms obtain more funds in
underdeveloped financial systems like China.
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