学术研究﹀
long-term finance provision: national development banks vs. commercial banks
2020-04-12
内容摘要：
no. e2020002
long-term finance provision: national development banks vs. commercial banks
bo hu, alfredo schclarek, jiajun xu, and jianye yan
january 2020
abstract:
this paper examines whether national development banks (ndbs) lend longer than commercial banks. using a new, hand-collected dataset on development finance institutions worldwide matched with the bank-level data from bankfocus, we find that the maturity of ndb loans is higher than that of commercial bank loans and this finding is statistically significant after controlling for macroeconomic and bank-level factors. furthermore, we find that ndbs in middle-income countries are more likely to provide long-term loans that those in low-income countries or high-income countries. our paper suggests potential explanatory variables in explaining this stylized fact.
keywords:
national development banks, maturity, bank loans, state ownership
jel classification: g01; g21; g28; h81; e51; e44
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