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Marian Micu - One of the best experts on this subject based on the ideXlab platform.

  • determinants of International Bank lending to emerging market countries
    Social Science Research Network, 2002
    Co-Authors: Serge Jeanneau, Marian Micu
    Abstract:

    This paper analyses the determinants of International Bank lending to the largest countries in Asia and Latin America through a framework based on push/pull factors. Our results show that both types of factors determine International Bank lending. However, they differ from those of the early 1990s' literature in that aggregate lending to emerging market countries appears to have been procyclical to growth in lending countries rather than countercyclical. Moreover, the sharp increase in short-term lending during the 1990s seems to have been largely a pull phenomenon. Additionally, there is evidence that fixed rate regimes encouraged International Bank lending, while bandwagon and contagion effects were also present. The introduction of the Basel Accord on capital adequacy does not appear to have played a significant role in International Bank lending to emerging economies.

Serge Jeanneau - One of the best experts on this subject based on the ideXlab platform.

  • determinants of International Bank lending to emerging market countries
    Social Science Research Network, 2002
    Co-Authors: Serge Jeanneau, Marian Micu
    Abstract:

    This paper analyses the determinants of International Bank lending to the largest countries in Asia and Latin America through a framework based on push/pull factors. Our results show that both types of factors determine International Bank lending. However, they differ from those of the early 1990s' literature in that aggregate lending to emerging market countries appears to have been procyclical to growth in lending countries rather than countercyclical. Moreover, the sharp increase in short-term lending during the 1990s seems to have been largely a pull phenomenon. Additionally, there is evidence that fixed rate regimes encouraged International Bank lending, while bandwagon and contagion effects were also present. The introduction of the Basel Accord on capital adequacy does not appear to have played a significant role in International Bank lending to emerging economies.