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In this paper we examine the role of syndicated loan markets in financial market development in 24 European countries. We find credit spreads to be negatively related to market size in small markets and positively related in large financial markets. Syndicated loans play a different role in...
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private firms, the traditional channels (interest rate, bank lending, and asset price) are impaired in LICs. The exchange rate …
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private firms, the traditional channels (interest rate, bank lending, and asset price) are impaired in LICs. The exchange rate …
Persistent link: https://www.econbiz.de/10014397443