Zabala, Craig Anthony; Josse, Jeremy Marc - In: The Journal of Risk Finance 19 (2018) 5, pp. 414-436
Purpose: The purpose of this paper is to review the continued development of the “shadow banking” market in the USA, namely, lending to the private middle market, defined as financings of $5-100m to non-public, unrated operating entities or pools of assets with not more than $50m in...