1849787050.pdf
Does an increase in lending by multinational development banks affect the private lending activity in developing countries? This paper shows that this is indeed the case using data on loans and investments by the EIB in combination with data on syndicated loans. We find that a pronounced increase in...
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European Investment Bank
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oapen-20.500.12657-637142023-07-01T02:36:56Z EIB Working Paper 2023/03 - EUROPEAN INVESTMENT BANK Does an increase in lending by multinational development banks affect the private lending activity in developing countries? This paper shows that this is indeed the case using data on loans and investments by the EIB in combination with data on syndicated loans. We find that a pronounced increase in EIB operations is followed by a surge in the number and volumes of syndicate loans in countries outside the European Union. Our results suggest that multinational banks can incentivise private sector lending by playing an important role in signalling to private markets that borrowers in emerging and developing countries are safe. 2023-06-30T05:31:09Z 2023-06-30T05:31:09Z 2023 book https://library.oapen.org/handle/20.500.12657/63714 eng application/pdf Attribution 4.0 International 1849787050.pdf European Investment Bank European Investment Bank 10.2867/455760 10.2867/455760 66479d04-7b84-49c0-9a4d-db552a3ecc71 b818ba9d-2dd9-4fd7-a364-7f305aef7ee9 Knowledge Unlatched (KU) European Investment Bank Knowledge Unlatched open access |
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Does an increase in lending by multinational development banks affect the private lending activity in developing countries? This paper shows that this is indeed the case using data on loans and investments by the EIB in combination with data on syndicated loans. We find that a pronounced increase in EIB operations is followed by a surge in the number and volumes of syndicate loans in countries outside the European Union. Our results suggest that multinational banks can incentivise private sector lending by playing an important role in signalling to private markets that borrowers in emerging and developing countries are safe. |
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