Demirguc-Kunt, Asli; Huizinga, Harry - In: Journal of Money, Credit and Banking 25 (1993) 3, pp. 430-44
This paper provides evidence that commercial banks have benefited greatly from official monies made available directly to developing countries or indirectly to the multilateral lending agencies. In particular, the stock market capitalization of creditor banks worldwide rose by about $6.2 billion...