Bank Size, Reputation, and Debt Renegotiation

Raquel Fernandez and David Kaaret

No 2704, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper examines the effect that the coexistence of small and large banks, with different interests in the international market, has on the debt renegotiation process. Making use of a reputational model, we argue that the presence of small banks implies that debtor countries have a harder tine obtaining new money than what they would have absent the small banks.

Date: 1988-09
Note: ITI IFM
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Citations: View citations in EconPapers (6)

Published as International Economic Review, February, 1992.

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