The maturity lengthening role of National Development Banks
Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina.
| Main Authors: | , , |
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| Other Authors: | |
| Format: | conferenceObject |
| Language: | eng |
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2024
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| Online Access: | http://hdl.handle.net/11086/553144 |
| _version_ | 1807371476563656704 |
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| author | Schclarek Curutchet, Alfredo Xu, Jiajun Yan, Jianye |
| author2 | https://orcid.org/0000-0001-9067-1323 |
| author_facet | https://orcid.org/0000-0001-9067-1323 Schclarek Curutchet, Alfredo Xu, Jiajun Yan, Jianye |
| author_sort | Schclarek Curutchet, Alfredo |
| collection | Repositorio Digital Universitario |
| description | Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina. |
| format | conferenceObject |
| id | rdu-unc.553144 |
| institution | Universidad Nacional de Cordoba |
| language | eng |
| publishDate | 2024 |
| record_format | dspace |
| spelling | rdu-unc.5531442024-08-06T19:19:22Z The maturity lengthening role of National Development Banks Schclarek Curutchet, Alfredo Xu, Jiajun Yan, Jianye https://orcid.org/0000-0001-9067-1323 Bank lending Maturity lengthening Debt or collateral capacity Asset-based leverage Interbank markets Recapitalization National development banks Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina. Fil: Xu, Jiajun. Peking University. Institute of New Structural Economics; China. Fil: Yan, Jianye. Peking University. Institute of New Structural Economics; China. This paper theoretically discusses why state-owned national develop- ment banks (NDBs) may be better able to provide longer-term lending to firms (investors), in comparison to private commercial banks (CBs). NDBs can grant longer-term lending to firms (investors) because NDB bonds have more value than the bonds issued by CBs, thus allowing banks to better cope with maturity mismatch risks and liquidity problems in case of needing to make interbank payments. The reason that NDB bonds have more value than the bonds issued by CBs is that NDBs are owned by the government, hence there is a higher recapitalization willingness and capac- ity compared to private bank owners. Regarding the maturity lengthening role of NDBs, it is positively related to the amount of liquid asset holdings by NDBs, the collateral value of the investment projects that receive NDB financing, and the recapitalization willingness (or perceived willingness) and financial strength, and net worth, of the government. Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina. Fil: Xu, Jiajun. Peking University. Institute of New Structural Economics; China. Fil: Yan, Jianye. Peking University. Institute of New Structural Economics; China. Economía, Econometría 2024-08-06T18:26:45Z 2024-08-06T18:26:45Z 2019 conferenceObject 1852-0022 http://hdl.handle.net/11086/553144 eng https://bd.aaep.org.ar/anales/works/works2019/schclarek.pdf Licencia Creative Commons Atribución-NoComercial-CompartirIgual 4.0 Internacional http://creativecommons.org/licenses/by-nc-sa/4.0/ Electrónico y/o Digital |
| spellingShingle | Bank lending Maturity lengthening Debt or collateral capacity Asset-based leverage Interbank markets Recapitalization National development banks Schclarek Curutchet, Alfredo Xu, Jiajun Yan, Jianye The maturity lengthening role of National Development Banks |
| title | The maturity lengthening role of National Development Banks |
| title_full | The maturity lengthening role of National Development Banks |
| title_fullStr | The maturity lengthening role of National Development Banks |
| title_full_unstemmed | The maturity lengthening role of National Development Banks |
| title_short | The maturity lengthening role of National Development Banks |
| title_sort | maturity lengthening role of national development banks |
| topic | Bank lending Maturity lengthening Debt or collateral capacity Asset-based leverage Interbank markets Recapitalization National development banks |
| url | http://hdl.handle.net/11086/553144 |
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