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Τίτλος: Bank loan rate indexation in the Eurocurrency market
Συγγραφείς: Savvides, Andreas 
metadata.dc.contributor.other: Σαββίδης, Αντρέας
Major Field of Science: Social Sciences
Field Category: Economics and Business
Ημερομηνία Έκδοσης: 1987
Πηγή: Journal of International Money and Finance Volume 6, Issue 3, September 1987, Pages 355-371
Περιοδικό: Journal of International Money and Finance 
Περίληψη: This paper demonstrates that commercial bank indexation of the interest rate charged on loans to developing countries through the Eurocurrency market has differential effects on prime and non-prime borrowers. If loan contracts are indexed, the interest rate adjustment to non-prime borrowers, following an increase in the cost of funds to the bank, will be greater than that which a profit-maximizing bank would desire. As a result, it is proposed that the proportion of loan commitments drawn down by non-prime borrowers declines when the cost of bank funds rises. An analysis with data from developing-country borrowings confirms this proposition. © 1987.
URI: https://hdl.handle.net/20.500.14279/14710
ISSN: 02615606
DOI: 10.1016/0261-5606(87)90007-6
Rights: © 1987 Elsevier
Type: Article
Affiliation: Oklahoma State University 
Publication Type: Peer Reviewed
Εμφανίζεται στις συλλογές:Άρθρα/Articles

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