Banks that enjoyed generous external financial support tended to under-price risk in the international syndicated loan … spreads (controlling for risk and other characteristics) and these banks retained loans that were on average priced below … market and did not show signs of innovation in their loan participations. Loans arranged by such banks had on average lower …

origination increases by approximately 20 percent if the bank’s country of origin experiences a banking crisis. Banks with less …

and appear to hamper risk sharing within the syndicate as well. Ceteris paribus, participant banks fund smaller portions … dataset of international syndicated bank loans. We find that lead banks offer smaller loans at a higher interest rate to more … culturally distant borrowers. Furthermore, lead banks are more likely to require third-party guarantees as cultural distance with …

degree of pessimism of the representative agent is the mean of the individual ones weighted by their index of absolute risk …