Official Credits to Developing Countries: Implicit Transfers to the Banks

Asli Demirguc-Kunt and Harry Huizinga

Journal of Money, Credit and Banking, 1993, vol. 25, issue 3, 430-44

Abstract: This paper provides evidence that commercial banks have benefited greatly from official monies made available directly to developing countries or indirectly to the multilateral lending agencies. In particular, the stock market capitalization of creditor banks worldwide rose by about $6.2 billion at the time of the introduction of the U.S. proposal to increase its quota to the IMF by $8.5 billion in 1983, and by a low estimate of R.4 billion when details of the Brady Plan were made public in March 1989. Copyright 1993 by Ohio State University Press.

Date: 1993
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Working Paper: Official credits to developing countries: Implicit transfers to the banks (1993)
Working Paper: Official credits to developing countries: implicit transfers to the banks (1991)
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Persistent link: https://EconPapers.repec.org/RePEc:mcb:jmoncb:v:25:y:1993:i:3:p:430-44

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