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Syndicated loans in emerging markets

  • Godlewski, Christophe J.
  • Weill, Laurent

There has been a considerable expansion of the volume of syndicated loans in emerging markets in the recent years. We provide the first analysis of the determinants of the decision of banks to syndicate a loan on a sample of loan facilities from 50 emerging countries. We show the significant role of loan characteristics and of financial development, banking regulation, and legal institutions, in the decision to syndicate a loan. We support the efforts of authorities to increase banking competition and efficiency, and to implement binding banking regulation on capital requirement to promote the expansion of syndicated loans.

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Article provided by Elsevier in its journal Emerging Markets Review.

Volume (Year): 9 (2008)
Issue (Month): 3 (September)
Pages: 206-219

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Handle: RePEc:eee:ememar:v:9:y:2008:i:3:p:206-219
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/620356

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