An empirical investigation of the determinants of the supply of bank loans to less developed countries

Thapa, Samanta; Mehta, Dileep R.

doi:10.1016/0378-4266(91)90085-z

Cited by 11 publications

(4 citation statements)

References 20 publications

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“…The shortening of credit maturity in response to such uncertainty is stronger for smaller banks than for larger banks. 2 Finally, the paper fits in an extensive literature that has studied empirically the volume of international lending by U.S. banks (Dahl and Shrieves, 1999;Thapa and Mehta, 1991), international branch expansion (Goldberg and Johnson, 1990), the prices of loans (Ozler, 1993), volatility (Goldberg, 2002, herd behavior (Jain and Gupta, 1987;Barron and Valev, 2000), and the effect of emerging market crises on the stock valuation of U.S. banks with exposure in those markets (Kyle and Wirick, 1990). This paper contributes with analysis of the maturity of international loans.…”

Section: Introductionmentioning

confidence: 98%

Institutional uncertainty and the maturity of international loans

Valev

2006

Journal of International Money and Finance

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Section: Introductionmentioning

confidence: 98%

Institutional uncertainty and the maturity of international loans

Valev

2006

Journal of International Money and Finance

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“…There is also considerable disagreement regarding the factors behind it. In particular, the econometric evidence that the explosion can be explained by economic fundamentals in the borrowing countries (Heller and Frenkel, 1982;Thapa and Mehta, 1991;Grosse and Goldberg, 1996) is at odds with the qualitative assessment that it was the product of "overlending" and "herd behavior" by the lending banks (see the discussion in Cline, 1983: 94-98;and Aliber, 1984: 674-675).…”

Section: Introductionmentioning

confidence: 94%

“…Such variables are the ratio of imports to GNP, the growth rate of per capita GNP, and the real level of public debt to private creditors, used in Eaton and Gersovitz (1980); GDP, used in Heller and Frenkel (1982); per capita GDP, the ratios of exports, investment and total debt to GDP, plus an oil dummy, used in Thapa and Mehta (1991); and GNP, the growth rate of GNP, per capita GNP, the fiscal balance, used in Grosse and Goldberg (1996).…”

Section: A Potential Determinantsmentioning

confidence: 99%

BANK LENDING TO LDCs: LESSONS FROM THE 1970s

Antzoulatos

Seth

2003

International Economic Journal

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We use a recently-compiled database with monthly observations, to analyse the determinants of syndicated loans to Latin American (L.A.) and East Asian countries, for the period 1972-1982. Our results indicate that the loans were to a large extent supply-driven, and thus provide econometric evidence that “overlending” was a significant determinant of them along with economic fundamentals in the borrowing countries. They also suggest that E. Asia's recent currency and banking crises will not likely develop into another “debt crisis”, precipitated by a prolonged withdrawal of private capital from the region. [F34, G15, N25, N26]

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“…using votes as a proxy for political factors, admit that many UN votes are not very important, per se. A number of other variables have been tried as proxies for the political factor, and USAID aid volume is used as proxy variables at times for political influence(Thapa and Mehta, 1991). It is expected that the amount of Japanese and Korean ODA contributions…”

mentioning

confidence: 99%

Assessing Motives in Northeast Asian Aid Allocations: China, Japan, and Korea as a Collective Group and as Individual Donors

Sohn¹,

Kim²,

Changbin³

2020

kjis

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The landscape of global foreign aid is changing with the growing number of new donors, especially in Asia. While Japan is no longer overwhelmingly dominant, complexity grows as China is becoming increasingly influential as an emerging donor, and Korea is rising to be a considerable donor by joining the OECD's Development Assistance Committee. In this context, there have been numerous controversies concerning East Asian donors, and even debates about the East Asian model of aid apart from the more traditional Western models. However, only a handful of studies have examined donor behavior empirically. This study aims to assess the motives in the foreign aid allocations of China, Japan, and Korea as a group and as individual donors by methodically and empirically examining aid patterns and the East Asian model of aid. This research shows that the most important drivers of aid allocations of East Asian donor are economic, as opposed to political-strategic or humanitarian, which is viewed as typical for China, Japan, and Korea. Furthermore, this characteristic of valuing economic factors can be seen more clearly in Asia and other regions compared to in Africa. However, on an individual country level, economic motives are the primary determinants of aid allocations only for China. Japan prioritizes humanitarian factors over economic ones, and Korea does not reveal a clear pattern either way.

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An empirical investigation of the determinants of the supply of bank loans to less developed countries

Cited by 11 publications

References 20 publications

Institutional uncertainty and the maturity of international loans

Institutional uncertainty and the maturity of international loans

BANK LENDING TO LDCs: LESSONS FROM THE 1970s

Assessing Motives in Northeast Asian Aid Allocations: China, Japan, and Korea as a Collective Group and as Individual Donors

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