This paper examines global credit intermediation through the lens of financial markets and financial intermediaries in the post-crisis period during which highly accommodative monetary policies contributed to investors’ search for yield. It reviews the extent to which non-bank intermediation...

High-yield corporate and leveraged loans have grown substantially over the past decade. However, the COVID-19 pandemic means downside risks are rising alongside expectations of severe negative impacts on corporate earnings and economic growth. The proportion of leveraged corporate debt exposed...

"After tracing the fluctuations in the finances of the country from its beginning until 1940, the administrations of the next 12 presidents Roosevelt through George W. Bush and the annual budget deficits and the interest expenses that fed the national debt are examined in detail"--Provided by...