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Non-bank financial intermediaries and financial stability

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by Sirio Aramonte, Andreas Schrimpf and Hyun Song Shin
We develop a risk accounting framework that describes how NBFIs' risk-taking capacity evolves during periods of market distress.

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Non-bank financial intermediaries and financial stability

by Sirio Aramonte, Andreas Schrimpf and Hyun Song ShinWe develop a risk accounting framework that describes how NBFIs’ risk-taking capacity evolves during periods of