An Empirical Analysis of the Rise of Private Credit: Disintermediation from Banks or a New Source of Capital?

Grant Year: 2024

Hal Scott will lead an effort to examine patterns of borrowing by public companies to measure whether the availability of private credit is supplanting traditional bank lending or offering financing opportunities that otherwise would be difficult to secure, and to consider whether providers of private credit should be subjected to banklike regulation or allowed to continue operating with lower levels of supervision. The project’s findings will appear in a report.