Federal ID: 91-6001537
ISSN: 0022-1090 (Print) | 1756-6916 (Online)
Evolution of Debt Financing Toward Less-Regulated Financial Intermediaries in the United States
Isil Erel and Eduard Inozemtsev ♦ Nonbank lenders have been playing an increasing role in supplying debt, especially after the Great Recession. How important are the distortions in the greater regulation of banks that differentially limit risk-taking across alternative providers…