Syndicated loans in emerging markets

Christophe J. Godlewski () and Laurent Weill ()

Emerging Markets Review, 2008, vol. 9, issue 3, pages 206-219

Abstract: 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.

Date: 2008
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Working Paper: Syndicated Loans in Emerging Markets (2007)
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Persistent link: http://EconPapers.repec.org/RePEc:eee:ememar:v:9:y:2008:i:3:p:206-219

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