fgrinberg.bsky.social
@fgrinberg.bsky.social
Reposted
New BIS WP out!!
“Collateralized lending in private credit”
We use loan-level data for the US over the past 25 years to document that behind the notable rise of private credit there is an equally notable shift towards collateralized lending 1/
www.bis.org/publ/work126...
Collateralized lending in private credit
Private credit, often associated with unsecured lending, has experienced remarkable growth in recent years. We use U.S. loan-level data to show that total outstanding amounts of secured direct loans n...
www.bis.org
May 13, 2025 at 12:33 PM