Syndicated Loans
Syndicated Loans

Author: Y. Altunbas

Publisher: Springer

Published: 2006-05-05

Total Pages: 277

ISBN-13: 0230597238

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This book examines the development of the international syndicated credits market over the past three decades. Bringing together views of practitioners and academics it provides original answers to unexplored research questions. With extensive coverage and thought-provoking insights, the book is of value to students, practitioners and academics.

Theoretical Issues in International Borrowing
Theoretical Issues in International Borrowing

Author: Jeffrey Sachs

Publisher:

Published: 1983

Total Pages: 68

ISBN-13:

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The current crisis in international lending points up a lesson re-learned several times in the past 150 years: the international loan markets function very differently from the textbook model of competitive lending. This paper discusses various extensions of the basic model. First, we amend the textbook model to show how limitations on a government'staxing authority may greatly affect its optimal borrowing strategy. Second, we explore the implications of adebtor country's option to repudiate debt. Third, we show that efficient lending may require collective actions by bank syndicates, and that a breakdown in collective action can result in serious inefficiencies and even financial panics.

The Economics Of International Debt Renegotiation
The Economics Of International Debt Renegotiation

Author: Boon-Chye Lee

Publisher: Routledge

Published: 2019-09-06

Total Pages: 156

ISBN-13: 1000244334

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The author considers the risks that the failure of Third World economies pose for highly exposed banks, whose collapse would threaten domestic as well as international financial systems.

Syndicated Lending
Syndicated Lending

Author: Tony Rhodes

Publisher: Euromoney Publications

Published: 2009

Total Pages: 684

ISBN-13: 9781843745761

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The new Syndicated Lending 5th Edition contains a new corporate acquisition case study, complete update and revised information to take account of all the changes in the rapidly evolving market for syndicated credits

Debt And Disorder
Debt And Disorder

Author: John Loxley

Publisher: Routledge

Published: 2019-03-13

Total Pages: 228

ISBN-13: 0429692188

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One of the most important and controversial challenges feeing the international financial and trading system is the need for developing countries to meet their high and rapidly growing external debt obligations and foreign exchange requirements. Developing countries have suffered major shocks in the form of global recession, high real interest rates, weakened terms of trade, and rising protectionism against their exports. The International Monetary Fund, the World Bank, Western central banks, and private financial institutions are seeking to avoid a collapse of the international financial system, and developing countries are seeking to grow through increased trade and access to external financing. Yet the fragility of current international trade and monetary systems seriously threatens the achievement of both sets of objectives. Professor Loxley integrates the structural adjustment experience of Third World countries with the policies, practices, and relationships of external financial agents in his discussion of options for reforming policy and of the limitations inherent in implementing these reforms.