This paper investigates how international regulatory and institutional differences affect lending in the cross-border syndicated loan market. Lending provided through a foreign subsidiary is subject to subsidiary-country regulation and institutional arrangements. Multinational banks' choices between loan origination through the parent bank or through a foreign subsidiary provide information about these banks' preferences to operate in countries with...
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详细
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2019/10/09
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政策研究报告
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WPS9037
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1
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1
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2019/10/09
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Disclosed
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Regulatory Arbitrage and Cross-Border Syndicated Loans