というNBER論文が上がっている(ungated版)。原題は「Where Do Banks End and NBFIs Begin?」で、著者はViral V. Acharya(NYU)、Nicola Cetorelli(NY連銀)、Bruce Tuckman(NYU)。 以下はその要旨。 In recent years, assets of non-bank financial intermediaries (NBFIs) have grown significantly relative to those of banks. These two sectors are commonly v…