The Integration of Bank Syndicated Loan and Junk Bond Markets

Topics:
Investment and Capital Markets
Tags:
Bank,
Bond,
Finance,
Integration,
Investment,
NeoKinetic Systems
Source:
NeoKinetic Systems

FREE Registration is required

Overview: This paper hypothesizes that the special role of banks as corporate quasi-insiders has been changing due to developments in informational, legal, and institutional infrastructures of syndicated loan markets. We investigate the integration of intermediated and dis-intermediated financial markets through highly leveraged transaction (HLT) syndicated loans during the 1990s. The paper demonstrates that, with the emergence of traded HLT syndicated loans as an alternative high-yield asset to high-yield bonds, market integration has dramatically increased.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 344KB | Date: Dec 2002 | Pages: 31

People who downloaded this item also downloaded

White Paper Building a Strong Syndicated Credit Facility
White Paper Syndicated Loans Resemble Shared Taxis
White Paper The Syndicated Loan Market: Structure, Development and Implications
White Paper The Syndicated Loan Market: Developments in the North American Context
White Paper The Agency Structure of Loan Syndicates

Top results from Investment and Capital Markets

White Paper Risk Analysis and Capital Adequacy of Hedge Funds
White Paper On the Performance of Alternative Investments: CTAs, Hedge Funds, and Funds-of-Funds
White Paper Intermediary Risk In The Indirect Holding System For Securities
White Paper Hedge Funds & Listed Options: Portfolio Management Strategies
White Paper European Asset Management Industry Set for Slower Profit Growth, According to Oliver, Wyman & Company and UBS Warburg

» View all Investment and Capital Markets listings

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Returning users: Log In Here!

Already registered on BNET, TechRepublic, or ZDNet? Simply log in.

Free Membership: Sign Up Now!

Sign up for a free membership today and get instant and unlimited access to one of the largest databases of white papers, webcasts, and casestudies anywhere. Your FREE membership allows you to:

  • Download an unlimited amount of content, including classic and current white papers, case studies, webcasts and more
  • Track content on your chosen topics of interest
  • Receive targeted email alerts when your favorite content is added
  • Save content for future reading
  • Receive our member newsletter

When you register to access this directory, you become a member of BNET. In addition, you allow us to share your information with companies that produce products or services featured in the library--so that such companies may contact you with information and offers regarding their products and services. This enables us to keep the library a free service. As a directory registrant, you will receive a complimentary subscription to the BNET member newsletter, The BNET Report. You can unsubscribe from this newsletter at any time. By clicking the Sign up button, you indicate that you agree to our Terms and Conditions and have read and understand our Privacy Policy (updated).