Could the Growth of Private Credit Pose a Risk to Financial System Stability?
Jose Fillat,
Mattia Landoni,
John Levin and
J. Christina Wang
No 25-8, Current Policy Perspectives from Federal Reserve Bank of Boston
Abstract:
The private credit market has grown rapidly in recent years, approaching the lending volume of some traditional sources of business credit, including commercial and industrial loans from banks, broadly syndicated loans, and high-yield bonds. This brief looks at the role US banks have played in that growth and the implications for stability in the US financial system.
Keywords: private credit; banking linkages; liquidity provision (search for similar items in EconPapers)
JEL-codes: G20 G23 G32 (search for similar items in EconPapers)
Pages: 8
Date: 2025-05-21
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