Who Finances Real Sector Lenders?

Nina Boyarchenko, Hyuntae Choi and Leonardo Elias
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Leonardo Elias: https://www.newyorkfed.org/research/economists/Elias

No 20250512, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: The modern financial system is complex, with funding flowing not just from the financial sector to the real sector but within the financial sector through an intricate network of financial claims. While much of our work focuses on understanding the end result of these flows—credit provided to the real sector—we explore in this post how accounting for interlinkages across the financial sector changes our perception of who finances credit to the real sector.

Keywords: real sector lending; financial networks; nonbank financial institutions (NBFIs); intermediated credit (search for similar items in EconPapers)
JEL-codes: G21 G32 (search for similar items in EconPapers)
Date: 2025-05-12
New Economics Papers: this item is included in nep-cfn and nep-net
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