João Santos

Author

Staff research

Non-Bank Investors and Loan Renegotiations

Staff working paper 2016-60 Teodora Paligorova, João Santos
We document that the structure of syndicates affects loan renegotiations. Lead banks with large retained shares have positive effects on renegotiations. In contrast, more diverse syndicates deter renegotiations, but only for credit lines.
Content Type(s): Staff research, Staff working papers JEL Code(s): G, G2, G21, G23 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial institutions and intermediation, Financial stability and systemic risk, Household and business credit

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