National Development Banks and Loan Contract Terms: Evidence from Syndicated Loans
Journal of International Money and Finance(2022)
摘要
•We build a new database of national development banks (NDBs) worldwide.•We study whether NDBs fill gaps in syndicated loan markets.•We find that NDBs provide long-term and high-risk credit.•We find that NDBs support financially constrained borrowers.•NDBs play a countercyclical role during global liquidity cycles.
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关键词
National development banks,Syndicated loans,Contract terms
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