Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/272294 
Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
EIB Working Papers No. 2023/03
Verlag: 
European Investment Bank (EIB), Luxembourg
Zusammenfassung: 
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.
Schlagwörter: 
European Investment Bank
Financial assistance
Financial conditions
Public and private lending
Syndicated loans
JEL: 
F21
F34
H81
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-92-861-5586-4
Dokumentart: 
Working Paper

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