Lending booms, reserves, and the sustainability of short-term debt : inferences from the pricing of syndicated bank loans / Barry Eichengreen and Ashoka Mody Eichengreen, Barry J

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Eichengreen, Barry J
Bank loans.; Banks and banking, International.; Pricing.
International banks provide more credit to smaller borrowers (about whom information is least complete) than bond markets do. High external short-term debt can coexist with rapid growth for extended periods. But overdependence on such debt is risky, because it is likely to unravel if perceptions of sustainability shift.
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