August 2025: Transmission of liquidity shocks through non-bank financial intermediaries: Evidence from the International Banking Research Network
VoxEU Columnby Falko Fecht & Linda S. Goldberg “The role of non-bank financial intermediaries in funding markets and financial crises has increased in recent decades. This column examines the rise of the sector and the roles these intermediaries play in liquidity shock transmission. The growth of the non-bank financial intermediation sector can be attributed to[…]