Concerted lending: did large banks bear the burden?: An article from: Journal of Money, Credit & Banking
Book Details
Author(s)Mark M. Spiegel
PublisherOhio State University Press
ISBN / ASINB00092K298
ISBN-13978B00092K294
AvailabilityAvailable for download now
MarketplaceUnited States 🇺🇸
Description
This digital document is an article from Journal of Money, Credit & Banking, published by Ohio State University Press on November 1, 1992. The length of the article is 6857 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: A game-theoretic model of lending with banks heterogeneous by size is introduced in which atomistic small banks free ride on the relending efforts of a large bank. An empirically-testable corollary conclusion suggests that "news" concerning the underlying economic condition of the debtor nation will have a greater impact on the large bank. This empirical prediction is validated for the Latin American Debt Crisis period using evidence from long-term bond spread data. Poolings of cross-sectional time series data reveal that the equity values of large banks are relatively more sensitive to adverse "news" concerning the quality of Latin American loans. (Printed by permission of the publisher.)
Citation Details
Title: Concerted lending: did large banks bear the burden?
Author: Mark M. Spiegel
Publication:Journal of Money, Credit & Banking (Refereed)
Date: November 1, 1992
Publisher: Ohio State University Press
Volume: v24 Issue: n4 Page: p465(18)
Distributed by Thomson Gale
From the supplier: A game-theoretic model of lending with banks heterogeneous by size is introduced in which atomistic small banks free ride on the relending efforts of a large bank. An empirically-testable corollary conclusion suggests that "news" concerning the underlying economic condition of the debtor nation will have a greater impact on the large bank. This empirical prediction is validated for the Latin American Debt Crisis period using evidence from long-term bond spread data. Poolings of cross-sectional time series data reveal that the equity values of large banks are relatively more sensitive to adverse "news" concerning the quality of Latin American loans. (Printed by permission of the publisher.)
Citation Details
Title: Concerted lending: did large banks bear the burden?
Author: Mark M. Spiegel
Publication:Journal of Money, Credit & Banking (Refereed)
Date: November 1, 1992
Publisher: Ohio State University Press
Volume: v24 Issue: n4 Page: p465(18)
Distributed by Thomson Gale
