CCB Fellow, Thomas Hoenig examines rapid growth, expanding leverage, and deeper financial linkages changing the industry’s risk profile. In recent months much has been written regarding the rapid growth of private credit (PC) and related risks incubating within the financial system. This concern has been intensified by the surprise failures of private credit borrowers and […]
https://www.interdependence.org/evolving-private-credit-rapid-growth-expanding-leverage-and-deeper-financial-linkages-are-changing-the-industrys-risk-profile/