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The impact of banks' financial characteristics on their decisions to participate in loan syndications is assessed. From the analysis, it appears that poorly performing banks tend, on average, to be more involved in syndications. Policymakers should perhaps monitor more closely the concentration...
Persistent link: https://www.econbiz.de/10005468157
In this paper we consider the role of exchange rate risk in influencing local currency sovereign bond yields in emerging market economies (EMEs). We explicitly account for exchange rate expectations and uncertainty around them, as measured by exchange rate volatility. The analysis points to an...
Persistent link: https://www.econbiz.de/10011106747
In response to the financial crisis, the authorities in a number of countries used public funds to recapitalise their banks. Did a reduction of risk in banks' lending follow these rescue operations? To help answer this question, we analyse the balance sheets and syndicated loan signings of 87...
Persistent link: https://www.econbiz.de/10010849704
A number of countries' authorities put in place bank rescue packages using public funds in response to the global financial crisis. Were these public recapitalisations followed by a reduction of risk in banks' loan books? To answer this question, in this paper the balance sheets and syndicated...
Persistent link: https://www.econbiz.de/10010849806
We analyse in an extensive risk return framework the determinants of the pricing of 5,000-plus syndicated credits granted to developing country borrowers between 1993 and 2001. Syndicated loans with riskier characteristics or granted to riskier borrowers are found to be more expensive than...
Persistent link: https://www.econbiz.de/10005063333
We use a hedonic pricing model to analyse in a risk-return framework the determinants of the pricing of a sample of over 5,000 syndicated credits granted to developing country borrowers between 1993 and 2001. We conclude that syndicated loans with riskier characteristics or granted to riskier...
Persistent link: https://www.econbiz.de/10005644398