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Syndicated lending
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ISBN: 0750659076 9786611009113 1281009113 0080481280 9780750659079 9780080481289 1417549637 9781417549634 Year: 2004 Publisher: Amsterdam ; Boston : Elsevier,

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Abstract

Syndicated Lending aims to increase the readers awareness of the benefits and risks involved in taking part in the Syndicated Loan market.This book covers:*Who the major players in the syndication loan market are*Why syndication loans are used*Syndication loan structures and documentation*Secondary syndication loan market*Inspired from the basic entry level training courses that have been developed by major international banks worldwide.*Will enable MSc Finance students, MBA students and those already in the finance profession to gain an understanding


Book
Beyond syndicated loans : sources of credit for developing countries.
Author:
ISBN: 0821319620 Year: 1992 Publisher: Washington World Bank


Book
Fiscal Consolidation and the Cost of Credit : Evidence from Syndicated Loans
Authors: ---
ISBN: 1475550227 1475542232 1299265162 1475573693 9781475573695 Year: 2013 Publisher: Washington, D.C. : International Monetary Fund,

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We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt. Using a new dataset on fiscal consolidations and syndicated corporate loan data, we find that loan spreads increase with fiscal consolidations, especially for small firms, domestic firms, and for firms with limited alternative financing sources. These adverse effects are mitigated substantially if consolidations are large, and can be avoided if consolidations are also accompanied with more adaptable macroeconomic policies and implemented by a stable government. These findings suggest that lenders price the short-term recessionary effects in loans but large consolidations can reduce or undo the increase in spreads, especially under favorable country conditions, by signaling credibility and creating expansionary expectations.


Book
Securitization and Credit Quality
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ISBN: 1475554052 1475554001 Year: 2016 Publisher: Washington, D.C. : International Monetary Fund,

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Banks are usually better informed on the loans they originate than other financial intermediaries. As a result, securitized loans might be of lower credit quality than otherwise similar nonsecuritized loans. We assess the effect of securitization activity on loans’ relative credit quality employing a uniquely detailed dataset from the euro-denominated syndicated loan market. We find that, at issuance, banks do not seem to select and securitize loans of lower credit quality. Following securitization, however, the credit quality of borrowers whose loans are securitized deteriorates by more than those in the control group. We find tentative evidence suggesting that poorer performance by securitized loans might be linked to banks’ reduced monitoring incentives.

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