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.

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Detalles Bibliográficos
Autores principales: Schclarek Curutchet, Alfredo, Xu, Jiajun, Yan, Jianye
Otros Autores: https://orcid.org/0000-0001-9067-1323
Formato: conferenceObject
Lenguaje:Inglés
Publicado: 2024
Materias:
Bank lending
Maturity lengthening
Debt or collateral capacity
Asset-based leverage
Interbank markets
Recapitalization
National development banks
Acceso en línea:http://hdl.handle.net/11086/553144
Aporte de:
Repositorio Digital Universitario (UNC) de Universidad Nacional de Córdoba
id I10-R141-11086-553144
record_format dspace
spelling I10-R141-11086-5531442024-08-06T19:19:22Z 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
institution Universidad Nacional de Córdoba
institution_str I-10
repository_str R-141
collection Repositorio Digital Universitario (UNC)
language Inglés
topic Bank lending
Maturity lengthening
Debt or collateral capacity
Asset-based leverage
Interbank markets
Recapitalization
National development banks
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
topic_facet Bank lending
Maturity lengthening
Debt or collateral capacity
Asset-based leverage
Interbank markets
Recapitalization
National development banks
description Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina.
author2 https://orcid.org/0000-0001-9067-1323
author_facet https://orcid.org/0000-0001-9067-1323
Schclarek Curutchet, Alfredo
Xu, Jiajun
Yan, Jianye
format conferenceObject
author Schclarek Curutchet, Alfredo
Xu, Jiajun
Yan, Jianye
author_sort Schclarek Curutchet, Alfredo
title The maturity lengthening role of National Development Banks
title_short 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_sort maturity lengthening role of national development banks
publishDate 2024
url http://hdl.handle.net/11086/553144
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AT yanjianye thematuritylengtheningroleofnationaldevelopmentbanks
AT schclarekcurutchetalfredo maturitylengtheningroleofnationaldevelopmentbanks
AT xujiajun maturitylengtheningroleofnationaldevelopmentbanks
AT yanjianye maturitylengtheningroleofnationaldevelopmentbanks
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