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MarketWatch

The private-credit mess won’t lead to a financial crisis like 2008’s, says top IMF official

The private-credit mess won’t lead to a financial crisis like 2008’s, says top IMF official
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Tobias Adrian, the IMF’s monetary and capital-markets director, says incentives today are better aligned among issuers of private credit and investors in it than was the case when subprime mortgage debt fueled the global financial crisis.

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