Regulatory arbitrage, credit expansion and the development of shadow banking in China- from the perspective of bank-issued wealth management products
Bank-issued Wealth Management Products (WMPs) are perceived as the largest part of China’s shadow banking system and has undergone dramatical growth during the past decade. This study uses a sample of 46 commercial banks and adopts two-step system GMM to investigate the determinants for the rise of...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Human Resource Management Academic Research Society
2024
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| Online Access: | http://psasir.upm.edu.my/id/eprint/117836/ http://psasir.upm.edu.my/id/eprint/117836/1/117836.pdf |