The collapse of international bank finance during the crisis: evidence from syndicated loan markets
6 September 2010
This article examines developments in the syndicated loan markets during the financial crisis. The investigation of deal structures and purposes suggests that supply constraints aggravated the sharp decline of syndicated lending. An econometric analysis confirms that balance sheet constraints of international banks played a significant part in the collapse of syndicated lending.
JEL classification: F34, G15, G21