A number of countries' authorities put in place bank rescue packages using public funds in response to the global financial crisis. Were these public recapitalizations followed by a reduction of risk in banks' loan books? To answer this question, in this paper the balance sheets and syndicated...

Die Entscheidungsinstanzen zahlreicher Länder haben angesichts der Finanzkrise staatliche Gelder für die Rekapitalisierung ihrer Banken eingesetzt. Hatten diese Rettungsaktionen eine Verringerung der Risiken im Kreditgeschäft der Banken zur Folge? Um eine Antwort auf diese Frage zu finden,...

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...

The unique structure of syndicated lending results in information asymmetries within the lending syndicate between banks of varying degrees of seniority. While previous studies have attempted to use indirect proxy measures to capture the effects of such information asymmetries, in this paper we...