What is it about?
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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This page is a summary of: Syndicated loans in emerging markets, Emerging Markets Review, September 2008, Elsevier,
DOI: 10.1016/j.ememar.2008.04.001.
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