Syndicated loans

In recent years, syndicated lending has accounted for no less than one third of funds raised on financial markets worldwide. This book examines the development of the international market for syndicated credits over the past three decades. It brings together practitioners' and academics' views on this form of financing and provides original answers to previously little-explored research questions. What determines banks' participation choices and supply? What influences the pricing of emerging country loans, particularly in times of crises? What are the differences with industrialised country loans and bonds? With its extensive coverage and thought-provoking insights, the book is of particular value for students, practitioners and academics.