Jim Armstrong

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Staff Working Papers

The Syndicated Loan Market: Developments in the North American Context

Staff Working Paper 2003-15 Jim Armstrong
The author describes the rapid development of the syndicated corporate loan market in the 1990s. He explores the historical forces that led to the development of the contemporary U.S. syndicated loan market, which is effectively a hybrid of the investment banking and commercial banking worlds.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Financial Institutions, Financial markets JEL Code(s): G, G1, G10, G2, G21