The syndicated loan market: structure, development and implications

BIS Quarterly Review  | 
06 December 2004
PDF full text
 |  16 pages

The syndicated loan market allows a more efficient geographical and institutional sharing of risk. Large US and European banks originate loans for emerging market borrowers and allocate them to local banks. Euro area banks have expanded pan- European lending and have found funding outside the euro area.

JEL classification: G100, G200.