Latest Nonbank (NBFI) News
The Disparate Outcomes of Bank- and Nonbank-Financed Private Credit Expansions
Nina Boyarchenko and Leonardo Elias Long-run trends in increased access to credit…
The DeFi Intermediation Chain – Liberty Street Economics
Pablo D. Azar, Adrian G. Casillas, and Maryam Farboodi Decentralized Finance, or…
The Growing Risk of Spillovers and Spillbacks in the Bank-NBFI Nexus
Viral V. Acharya, Nicola Cetorelli, and Bruce Tuckman Nonbank financial institutions (NBFIs)…
Banks and Nonbanks Are Not Separate, but Interwoven
Viral V. Acharya, Nicola Cetorelli, and Bruce Tuckman In our previous post,…
Internal Liquidity’s Value in a Financial Crisis
Cecilia Caglio and Adam Copeland A classic question for U.S. financial firms…