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Displaying results 1 to 3 of 3.

  1. Hamlet without the Prince of Denmark
    relationship banking and conditionality lending in the London market for foreign government debt , 1815 - 1913
    Author: Flandreau, Marc; Flores Zendejas, Juan
    Published: 2010
    Publisher:  Centre for Economic Policy Research, London

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 32 (7915)
    Inter-library loan:
    Unlimited inter-library loan, copies and loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Array ; 7915
    Subjects: Internationaler Kredit; Länderrisiko; Kreditgeschäft; Internationale Bank; Großbritannien
    Scope: 41 S., graph. Darst.
    Notes:

    Parallel als Online-Ausg. erschienen
  2. Hamlet without the Prince of Denmark
    relationship banking and conditionality lending In the London market for foreign government debt, 1815 - 1913
    Author: Flandreau, Marc; Flores Zendejas, Juan
    Published: 2010
    Publisher:  HEID, Genève

    This paper offers a theory of conditionality lending in 19th century international capital markets. We argue that ownership of reputation signals by prestigious banks rendered them able and willing to monitor government borrowing. Monitoring was a... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 272 (2010,8)
    Inter-library loan:
    No inter-library loan

     

    This paper offers a theory of conditionality lending in 19th century international capital markets. We argue that ownership of reputation signals by prestigious banks rendered them able and willing to monitor government borrowing. Monitoring was a source of rent, and it led bankers to support countries facing liquidity crises in a manner similar to modern descriptions of "relationship" lending to corporate clients by "parent" banks. Prestigious bankers' ability to implement conditionality loans and monitor countries' financial policies also enabled them to deal with solvency. We find that, compared with prestigious bankers, bondholders' committees had neither the tools nor the prestige required for effectively dealing with defaulters. Hence such committees were far less important than previous research has claimed.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/77426
    Series: Graduate Institute of International and Development Studies Working Paper ; 2010,08
    Subjects: Internationaler Kredit; Länderrisiko; Kreditgeschäft; Internationale Bank; Großbritannien
    Scope: Online-Ressource (PDF-Datei: 42 S., 891 KB), graph. Darst.
  3. Cavaet emptor
    coping with sovereign risk without the multilaterals
    Author: Flandreau, Marc
    Published: 1998
    Publisher:  Centre for Economic Policy Research, London

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 32 (2004)
    Inter-library loan:
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Array ; 2004
    Subjects: Länderrisiko; Internationaler Kredit; Frankreich
    Scope: 36 S, graph. Darst