Arbeitspapier
The effect of EIB operations on private sector lending outside the European Union
Does an increase in lending by multinational development banks affect the private lending activity in developing countries? We show that this is indeed the case using data on loans and investments by the European Investment Bank (EIB) in combination with data on syndicated loans. We find that a pronounced increase in EIB operations is followed by a surge in the number and volumes of syndicate loans in countries outside the European Union. Our results suggest that multinational banks can incentivize private sector lending by playing an important role in signaling to private markets that borrowers in emerging and developing countries are safe.
- ISBN
-
978-92-861-5586-4
- Sprache
-
Englisch
- Erschienen in
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Series: EIB Working Papers ; No. 2023/03
- Klassifikation
-
Wirtschaft
International Investment; Long-term Capital Movements
International Lending and Debt Problems
Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
- Thema
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European Investment Bank
Financial assistance
Financial conditions
Public and private lending
Syndicated loans
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gatti, Matteo
Gorea, Denis
Presbitero, Andrea
- Ereignis
-
Veröffentlichung
- (wer)
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European Investment Bank (EIB)
- (wo)
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Luxembourg
- (wann)
-
2023
- DOI
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doi:10.2867/455760
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Gatti, Matteo
- Gorea, Denis
- Presbitero, Andrea
- European Investment Bank (EIB)
Entstanden
- 2023