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After the global financial crisis of 2007-09, non-bank lenders nabbed some of banking’s riskier activities, offering companies flexible financing and dazzling investors with the promise of double-digit returns. Private-credit lending to firms increased to $1.5trn. Now, though, there’s concern about private credit.
The Economist’s top economics journalists explain what private credit actually is, what’s causing concern and analyse the systemic risk to the wider financial system.
#economics #finance #privatecredit #markets
00:00 - What is private credit?
03:04 - What’s the appeal of private credit?
04:20 - Why is the concern about private credit?
07:19 - How does it compare to the 2008 financial crisis?
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