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4 edition of Developing country economic structure and the pricing of syndicated credits found in the catalog.

Developing country economic structure and the pricing of syndicated credits

Yener Altunbas

Developing country economic structure and the pricing of syndicated credits

by Yener Altunbas

  • 337 Want to read
  • 33 Currently reading

Published by Bank for International Settlements, Monetary and Economic Dept. in Basel, Switzerland .
Written in English

    Places:
  • Developing countries.
    • Subjects:
    • Syndicated loans -- Developing countries.,
    • Bank loans -- Developing countries.,
    • Debt -- Developing countries.

    • Edition Notes

      Statementby Yener Altunbas and Blaise Gadanecz.
      SeriesBIS working papers,, no. 132, BIS working papers (Online) ;, no. 132.
      ContributionsGadanecz, Blaise., Bank for International Settlements. Monetary and Economic Dept.
      Classifications
      LC ClassificationsHG3879
      The Physical Object
      FormatElectronic resource
      ID Numbers
      Open LibraryOL3285750M
      LC Control Number2003616491

      The basic tenet of the present policy paper is that economic institutions are the key determinant of economic growth and development, and that policy-makers and developing country governments dealing with trade and finance must concentrate on “getting the institutions right.” In order to be implementable, policy recommendations must correct.   The model was adopted by Altunbas and Gadanecz [2] in order to adjust for the qualitative variables in their regression estimate of developing country economic structure and the pricing of syndicated loans. [1,2] to enable us to adjust for the effect of all the qualitative explanatory variables.

      times and for increasing delinquencies when economic times are difficult. A credit department may face a greater number of collection problems in a depressed economy when inflation is rising and the money supply is tighter. During prosperous times, new account . Developing country dept and economic performance / edited by Jeffrey D. Sachs. project report) Papers presented at a conference held in Washington, D.C. on A fourth book will contain shorter and slightly less technical summaries of the eight papers in this volume.

      Dr. Ian Giddy New York University Structured Finance Stern School of Business. This paper reviews recent developments in private market financing for developing countries. Bank creditors themselves have been more amenable to restructuring in an environment where secondary market discounts on bank claims were falling significantly below the level of bank provisioning. This has allowed banks to realize substantial book profits by participating in debt operations.


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Developing country economic structure and the pricing of syndicated credits by Yener Altunbas Download PDF EPUB FB2

Downloadable. We analyse in an extensive risk return framework the determinants of the pricing of 5,plus syndicated credits granted to developing country borrowers between and Syndicated loans with riskier characteristics or granted to riskier borrowers are found to be more expensive than others, although the effect of purely microeconomic price determinants is in several.

Additional Physical Format: Online version: Altunbas, Yener. Developing country economic structure and the pricing of syndicated credits. Basel: Bank for International Settlements, Monetary and Economic Dept.,   Developing country economic structure and the pricing of syndicated credits We analyse in an extensive risk return framework the determinants of the pricing of 5,plus syndicated credits granted to developing country borrowers between and Syndicated loans with riskier characteristics or granted to riskier borrowers are found.

Developing Country Economic Structure and the Pricing of Syndicated Credits Article in Journal of Development Studies 40(5) August with 71 Reads How we measure 'reads'.

Developing Country Economic Structure and the Pricing of Syndicated Credits. We use a hedonic pricing model to analyse in a risk–return framework the determinants of the pricing of a sample of over 5, syndicated credits granted to developing country borrowers between and We conclude that syndicated loans with riskier characteristics or granted to riskier borrowers are more expensive than others, although the effect of purely micro-economic price.

Downloadable (with restrictions). We use a hedonic pricing model to analyse in a risk-return framework the determinants of the pricing of a sample of over 5, syndicated credits granted to developing country borrowers between and We conclude that syndicated loans with riskier characteristics or granted to riskier borrowers are more expensive than others, although the effect of.

Developing country economic structure and the pricing of syndicated credits, BIS Working Papers No. Credit spreads in the market for highly leveraged transactions loans Jan   Y. Altunbas, B. GadaneczDeveloping country economic structure and the pricing of syndicated credits Journal of Development Studies, 40 (5) (), pp.

Google Scholar. Altunbas, Y. Gadanecz, B. Developing Country Economic Structure and the Pricing of Syndicated Credits Journal of Development Studies 40 Esty, B. Why Study Large Projects. An Introduction to Research on Project Finance European Financial Management 10   Developing Country Economic Structure and the Pricing of Syndicated Credits.

Yener Altunbaş & Blaise Gadanecz. Reviews. review article. Book Reviews. Pages: Published online: 24 Jan First Page Preview | PDF ( The Effect of IMF Programmes on Economic Growth in Low Income Countries: An Empirical Analysis Bird et al. Published Developing country economic structure and the pricing of syndicated credits.

Altunbas, Y. & Gadanecz, B., 1 JunIn: Journal of Development Studies. 40, 5, p. Research output: Contribution to journal › Article; Published Evidence on the bank-lending channel in Europe.

This book examines the development of the international syndicated credits market over the past three decades. Bringing together views of practitioners and academics it provides original answers to unexplored research questions.

With extensive coverage and thought-provoking insights, the book is of value to students, practitioners and academics. Syndicated Loans: A Hybrid of Relationship Lending and Publicly Traded Debt | Yener Altunbaş, Blaise Gadanecz, Alper Kara (auth.) | download | B–OK.

Download books for free. Find books. crucial indicators for economic growth. So, banks that are present in this financial structure appear as institutions which facilitate economic life. Banks are institutions that conduct operations on money, capital and credits and fulfill every need of natural and juridical persons, state and.

trade credits and making interbank deposits. This changed in the s with the rise of intermediate term, floating rate, general obligation syndicated bank loans to developing countries. Syndicated bank lending exploded from less than $50 billion in to more than $ billion inwhen it was interrupted by Mexico’s debt moratorium.

Net. An example of a syndicated loan structure is provided in Figure This syndicated loan took the form of a loan commitment (a topic discussed in greater depth in the next chapter) from a syndicate of banks to Starwood Hotels and Resorts Worldwide, Inc.

in Thus, syndicated credits lie somewhere between relationship loans and disintermediated debt (Dennis and Mullineaux ()). Box 1 below shows, in decreasing order of seniority, the banks that participated in a simple syndicate structure to grant a loan to Starwood Hotels & Resorts Worldwide, Inc in Developing country economic structure and the pricing of syndicated credits.

Altunbas, Y. & Gadanecz, B., 1 JunIn: Journal of Development Studies. 40, 5, p. Research output: Contribution to journal › Article. economic development is ultimately fueled by per capita income may be taking things too far, but at least it has the virtue of attempting to reduce a larger set of issues to a smaller set, hopefully in a way that is supported by sound reasoning and empirical evidence.

This book implicitly contains a reduction as well, although not all the way. American Economic Review. ;– 5. Allayannis G, Weston J. The use of foreign currency derivatives and firm market value. Review of Financial Studies. ;– 6. Altunbas Y, Gadanecz B.

Developing country economic structure and the pricing of syndicated credits. Journal of Development.some cross country data. Section V draws some policy conclusions and section VI concludes. II. RETHINKING THE SAVING-INVESTMENT NEXUS Most of the standard macroeconomic textbooks1 today argue in the exposition of long-run growth that the central limiting factor to economic development is the lack of capital endowment in less developed countries.

The syndicated credit is a loan offered by a group of banks to a borrower. The lenders give loan/s against a common loan document specifying the terms and conditions as agreed to between the lenders (who have formed the syndicate) and the borrower. Usually, the syndicated credit is in the form of euro currency or denominated in US$.