Borrowing Costs and The Role of Multilateral Development Banks: Evidence from Cross-Border Syndicated Bank Lending
Title | Borrowing Costs and The Role of Multilateral Development Banks: Evidence from Cross-Border Syndicated Bank Lending PDF eBook |
Author | Daniel Gurara |
Publisher | International Monetary Fund |
Pages | 44 |
Release | 2018-12-07 |
Genre | Business & Economics |
ISBN | 1484386205 |
Cross-border bank lending is a growing source of external finance in developing countries and could play a key role for infrastructure financing. This paper looks at the role of multilateral development banks (MDBs) on the terms of syndicated loan deals, focusing on loan pricing. The results show that MDBs' participation is associated with higher borrowing costs and longer maturities---signaling a greater willingness to finance high risk projects which may not be financed by the private sector---but it is also associated with lower spreads for riskier borrowers. Overall, our findings suggest that MDBs could crowd in private investment in developing countries through risk mitigation.
Mobilization Effects of Multilateral Development Banks
Title | Mobilization Effects of Multilateral Development Banks PDF eBook |
Author | Chiara Broccolini |
Publisher | International Monetary Fund |
Pages | 51 |
Release | 2019-02-15 |
Genre | Business & Economics |
ISBN | 1484393864 |
We use loan-level data on syndicated lending to a large sample of developing countries between 1993 and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), controlling for a large set of fixed effects. We find evidence of positive and significant direct and indirect mobilization effects of multilateral lending on the number of deals and on the total size of bank inflows. The number of lending banks and the average maturity of syndicated loans also increase after MDB lending. These effects are present not only on impact, but they last up to three years and are not offset by a decline in bond financing. There is no evidence of anticipation effects and the results are not driven by confounding factors, such as the presence of large global banks, Chinese lending and aid flows. Finally, the economic effects are sizable, suggesting that MBDs can play a vital role to mobilize private sector financing to achieve the goals of the 2030 Development Agenda.
Mobilization Effects of Multilateral Development Banks
Title | Mobilization Effects of Multilateral Development Banks PDF eBook |
Author | Chiara Broccolini |
Publisher | International Monetary Fund |
Pages | 51 |
Release | 2019-02-15 |
Genre | Business & Economics |
ISBN | 1498301061 |
We use loan-level data on syndicated lending to a large sample of developing countries between 1993 and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), controlling for a large set of fixed effects. We find evidence of positive and significant direct and indirect mobilization effects of multilateral lending on the number of deals and on the total size of bank inflows. The number of lending banks and the average maturity of syndicated loans also increase after MDB lending. These effects are present not only on impact, but they last up to three years and are not offset by a decline in bond financing. There is no evidence of anticipation effects and the results are not driven by confounding factors, such as the presence of large global banks, Chinese lending and aid flows. Finally, the economic effects are sizable, suggesting that MBDs can play a vital role to mobilize private sector financing to achieve the goals of the 2030 Development Agenda.
Handbook on Transport Pricing and Financing
Title | Handbook on Transport Pricing and Financing PDF eBook |
Author | Alejandro Tirachini |
Publisher | Edward Elgar Publishing |
Pages | 497 |
Release | 2023-05-09 |
Genre | Business & Economics |
ISBN | 1800375557 |
Taking a comprehensive approach to two central, closely intertwined themes in the field of transport economics, this illuminating Handbook recognizes the critical socioeconomic importance of transport pricing and financing.
Innovation
Title | Innovation PDF eBook |
Author | |
Publisher | BoD – Books on Demand |
Pages | 512 |
Release | 2024-03-13 |
Genre | Business & Economics |
ISBN | 1837689962 |
Investments in research and development are crucial for the innovation process in modern societies. There are more perspectives through which innovation can realize important results, including the knowledge creation source, the digital innovation relative to artificial intelligence (AI), the sustainable transition from traditional technology to renewable technology, and the role of the concept of entrepreneurship linked to innovation. Economic operators need different skills to cope with high degrees of competitiveness and achieve the highest profit levels. The analysis carried out in this book considers the interactions among innovation, sustainability, and entrepreneurship. This in-depth investigation identifies the relevant forces useful for the transformations of modern economies and suggests appropriate support policies.
Economic Outlook for Southeast Asia, China and India 2022 Financing Sustainable Recovery from COVID-19
Title | Economic Outlook for Southeast Asia, China and India 2022 Financing Sustainable Recovery from COVID-19 PDF eBook |
Author | OECD |
Publisher | OECD Publishing |
Pages | 250 |
Release | 2022-03-22 |
Genre | |
ISBN | 9264327959 |
Economic Outlook for Southeast Asia, China and India 2022 addresses financing sustainable recovery from the COVID-19 pandemic. The COVID-19 pandemic is proving to be extremely costly, both economically and socially and sustainable financing solutions are crucial for an equitable and inclusive recovery.
The Emerald Handbook of Ethical Finance and Corporate Social Responsibility
Title | The Emerald Handbook of Ethical Finance and Corporate Social Responsibility PDF eBook |
Author | Ahmed Imran Hunjra |
Publisher | Emerald Group Publishing |
Pages | 689 |
Release | 2024-05-06 |
Genre | Business & Economics |
ISBN | 1804554065 |
The term ethical finance refers to finance that considers environmental, social, and governance (ESG) aspects influencing a borrower and/or its possessions. The authors provide a fresh look at ESG aspects along with CSR implementation for sustainable development, which has global and long-term repercussions.