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The Development of International Market for Syndicated Loans (1980-2007: A Review
Conference paper   Open access

The Development of International Market for Syndicated Loans (1980-2007: A Review

K-S. Le, D. Gasbarro and J.K. Zumwalt
National Sun Vat-sen University, Kaohsiung, Taiwan
The 16th Conference on the Theories and Practices of Securities and Financial Markets (National Sun Yat-sen University, Kaohsiung, Taiwan, 05/12/2008–06/12/2008)
2008
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Abstract

The international market for syndicated loans had grown strongly over the past twenty seven years (1980-2007). Global syndicated lending reached US$ 4.5 trillions in 2007, a 5,500 percent increase from its level in 1980. Nonetheless, little research has been done in this area. Using historical data provided by various sources including Thomson Financial and The International Bank for Settlement, this paper reviews the development of this market in the said period and endeavors to identify the main driving forces for its development. The paper also reviews work done in this area by previous researchers.

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