...Lawrence Mashimbye; Ashenafi Beyene Fanta Purpose The relationship between the size of financial institutions and systemic risk remains a subject of interest among regulators, and research on this subject has focused mostly on banks, while overlooking the shadow banking sector. This paper examines...

...Craig Anthony Zabala; Jeremy Marc Josse† 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...