Boehmer, Ekkehart; Megginson, William L - In: Journal of Finance 45 (1990) 5, pp. 1517-40
This paper presents the authors' investigation of the factors that determine secondary market prices of developing country syndicated loans. Trading volume in this market has almost doubled yearly from 1985 to 1988, while average market prices declined from 73 percent to 41 percent of par value...