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Columbia Business School’s Tomasz Piskorski spoke with Marketplace about growing concerns surrounding volatility in the private credit market. Piskorski explained that while private credit has expanded rapidly as an alternative to traditional bank lending, it also introduces risks related to transparency, pricing, and liquidity. Drawing on his research, “Private Credit, Balance Sheets and Financial Stability,” he highlighted how market stress could expose vulnerabilities in the sector and have broader implications for financial stability.
