Borrower-Country Economic Structure and the Pricing of Syndicated Loans
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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.
KeywordsGross Domestic Product External Debt Loan Size Loan Price Sovereign Rating
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