IJIMT 2017 Vol.8(3): 197-200 ISSN: 2010-0248
doi: 10.18178/ijimt.2017.8.3.197

How Far is Shadow Banking in Egypt from International Experiences?

Yasmine M. G. Salem
Abstract— The 2008 global financial crisis shed the light on Shadow banking System Growth. This paper aims at comparing the shadow banking system in Egypt with most significant international experiences, the USA and China, to determine how far the Egyptian case is from them and draw some learnt lessons regarding shadow banking regulations. The paper concluded that there must be a coordination between the monetary authority and financial supervisory authority, which supervises and regulates shadow banking activities in Egypt, is necessary. Moreover, the monetary authority should consider the shadow banking activities when planning and conducting the monetary policy.

Index Terms— Egypt, monetary policy, shadow banks.

Yasmine M.G. Salem is with the Department of Economics, Faculty of Economics and Political Science, Cairo University, Egypt (e-mail: yasminemohie@feps.edu.eg).

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Cite: Yasmine M. G. Salem, " How Far is Shadow Banking in Egypt from International Experiences?," International Journal of Innovation, Management and Technology vol. 8, no. 3, pp. 197-200, 2017.

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