Journal Article
Bank Loans to NBFIs: Evidence of Specialization, Part I
D'Erasmo, Pablo; Conroy, Andrew (2026-03-26)
Should we be worried about bank lending to nonbanks? That depends on the degree of specialization.
Economic Insights

Journal Article
Bank Loans to NBFIs: Evidence of Specialization, Part II
D'Erasmo, Pablo; Conroy, Andrew (2026-03-26)
Is lending to nonbanks posing a systemic risk? We take a closer look at which bank characteristics correlate with NBFI specialization.
Economic Insights