The Side Effects of Shadow Banking on Liquidity Provision
Teodora Paligorova and
Joao A. C. Santos
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Teodora Paligorova: LA State University
No 20191113b, Liberty Street Economics from Federal Reserve Bank of New York
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.
Keywords: liquidity; credit lines; term loans; shadow banks (search for similar items in EconPapers)
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