The shadow banking sector is becoming an increasingly important source of finance for construction group treasurers and infrastructure projects worldwide, although potential investors are cautious due to a lack of historical performance data and their limited understanding of construction risk. This article reviews how the infrastructure sector has a growing reliance on shadow banking and asks whether its opaque nature risks the development of a credit bubble.
Michael Wilkins discusses the rise of "shadow banking" in Infrastructure in GT News
February 19, 2013
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