Bank lending – what has changed post crisis?

Jang Ping Thia ()
Additional contact information
Jang Ping Thia: Policy and Strategy, Asian Infrastructure Investment Bank

Journal of Economics and Finance, 2019, vol. 43, issue 2, No 3, 256-272

Abstract: Abstract Using syndicated loan data, the paper finds that loan spreads have increased and have remained elevated post-2009. Regressions, controlling for currency fixed effects, loan types, loan sizes, number of participating banks, tenors, confirm the higher spreads post-2009. Further analysis reveals that the average number of banks per syndication rose for developed economies but fell for emerging economies. This is explained by the higher market shares of non-Japanese Asian banks in developing economies post-crisis, but with lower syndication intensity. Consistent with the capital shock hypothesis, Western and Japanese banks intensify the degree of syndication post-crisis, but other Asian banks do not. The lower syndication intensity of suggests that market efficiency has declined for developing economies. Syndication should be further encouraged to reduce spreads.

Keywords: Banking; Syndicated loans; Interest rates; Spreads (search for similar items in EconPapers)
JEL-codes: F20 G15 G20 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1007/s12197-018-9441-2 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jecfin:v:43:y:2019:i:2:d:10.1007_s12197-018-9441-2

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/12197/PS2

DOI: 10.1007/s12197-018-9441-2

Access Statistics for this article

Journal of Economics and Finance is currently edited by James Payne

More articles in Journal of Economics and Finance from Springer, Academy of Economics and Finance Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().