The Side Effects of Shadow Banking on Liquidity Provision
Abstract: Over the past two decades, the growth of shadow banking has transformed the way the U.S. banking system funds corporations. In this post, we describe how this growth has affected both the term loan and credit line businesses, and how the changes have resulted in a reduction in the liquidity insurance provided to firms.
File(s): File format is text/html https://libertystreeteconomics.newyorkfed.org/2019/11/the-side-effects-of-shadow-banking-on-liquidity-provision.html
Provider: Federal Reserve Bank of New York
Part of Series: Liberty Street Economics
Publication Date: 2019-11-13