Anthony Zabala, Craig; M. Josse, Jeremy - In: The Journal of Risk Finance 15 (2014) 3, pp. 214-233
Purpose – The purpose of this paper is to analyze a particular segment of the US “shadow banking” market and its revival since the recent credit crisis, namely, lending to the private Middle Market, defined as financings of $5-100 million to non-public, unrated operating entities or pools...