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Bert Ely on lending.

Publication: The International Economy
Publication Date: 01-JAN-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Bert Ely on lending.(Institutional lending)

Article Excerpt
"Lost in too many discussions of the financial sector is that banks and other depository institutions account for only 22 percent of the credit supplied to the U.S. economy (down from 40 percent in 1982). 'Shadow banking'--notably asset securitization and money-market mutual funds--now supplies 33 percent (up from 14...

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