Borrower-Country Economic Structure and the Pricing of Syndicated Loans

  • Yener Altunbaş
  • Blaise Gadanecz
  • Alper Kara
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)


The determinants of bank lending to developing countries have been investigated in the existing academic literature within the risk-return framework, but the conclusions of earlier research have often been only partial or even contradictory. The analysis of a large sample of individual syndicated credit facilities allows the application of the risk-return framework to study the determinants of syndicated lending to developing countries in a more systematic manner. That is the approach taken in this chapter.


Gross Domestic Product External Debt Loan Size Loan Price Sovereign Rating 
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Copyright information

© Yener Altunbaş, Blaise Gadanecz and Alper Kara 2006

Authors and Affiliations

  • Yener Altunbaş
    • 1
  • Blaise Gadanecz
    • 2
  • Alper Kara
    • 3
  1. 1.University of WalesBangorUK
  2. 2.Bank for international SettlementsSwitzerland
  3. 3.University of LeicesterUK

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