The maturity lengthening role of National Development Banks

Autores
Schclarek Curutchet, Alfredo; Xu, Jiajun; Yan, Jianye
Año de publicación
2019
Idioma
inglés
Tipo de recurso
documento de conferencia
Estado
versión publicada
Descripción
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
Materia
Bank lending
Maturity lengthening
Debt or collateral capacity
Asset-based leverage
Interbank markets
Recapitalization
National development banks
Nivel de accesibilidad
acceso abierto
Condiciones de uso
Repositorio
Repositorio Digital Universitario (UNC)
Institución
Universidad Nacional de Córdoba
OAI Identificador
oai:rdu.unc.edu.ar:11086/553144
Acceder
id RDUUNC_d5e434309e5e3a96c05d835c5c35cad0
oai_identifier_str oai:rdu.unc.edu.ar:11086/553144
network_acronym_str RDUUNC
repository_id_str 2572
network_name_str Repositorio Digital Universitario (UNC)
spelling The maturity lengthening role of National Development BanksSchclarek Curutchet, AlfredoXu, JiajunYan, JianyeBank lendingMaturity lengtheningDebt or collateral capacityAsset-based leverageInterbank marketsRecapitalizationNational development banksFil: 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, Econometríahttps://orcid.org/0000-0001-9067-13232019info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdf1852-0022http://hdl.handle.net/11086/553144enghttps://bd.aaep.org.ar/anales/works/works2019/schclarek.pdfinfo:eu-repo/semantics/openAccessreponame:Repositorio Digital Universitario (UNC)instname:Universidad Nacional de Córdobainstacron:UNC2025-09-04T12:33:05Zoai:rdu.unc.edu.ar:11086/553144Institucionalhttps://rdu.unc.edu.ar/Universidad públicaNo correspondehttp://rdu.unc.edu.ar/oai/snrdoca.unc@gmail.comArgentinaNo correspondeNo correspondeNo correspondeopendoar:25722025-09-04 12:33:05.694Repositorio Digital Universitario (UNC) - Universidad Nacional de Córdobafalse
dc.title.none.fl_str_mv The maturity lengthening role of National Development Banks
title The maturity lengthening role of National Development Banks
spellingShingle The maturity lengthening role of National Development Banks
Schclarek Curutchet, Alfredo
Bank lending
Maturity lengthening
Debt or collateral capacity
Asset-based leverage
Interbank markets
Recapitalization
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 The maturity lengthening role of National Development Banks
dc.creator.none.fl_str_mv Schclarek Curutchet, Alfredo
Xu, Jiajun
Yan, Jianye
author Schclarek Curutchet, Alfredo
author_facet Schclarek Curutchet, Alfredo
Xu, Jiajun
Yan, Jianye
author_role author
author2 Xu, Jiajun
Yan, Jianye
author2_role author
author
dc.contributor.none.fl_str_mv https://orcid.org/0000-0001-9067-1323
dc.subject.none.fl_str_mv Bank lending
Maturity lengthening
Debt or collateral capacity
Asset-based leverage
Interbank markets
Recapitalization
National development banks
topic Bank lending
Maturity lengthening
Debt or collateral capacity
Asset-based leverage
Interbank markets
Recapitalization
National development banks
dc.description.none.fl_txt_mv 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
description Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina.
publishDate 2019
dc.date.none.fl_str_mv 2019
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http://purl.org/coar/resource_type/c_5794
info:ar-repo/semantics/documentoDeConferencia
format conferenceObject
status_str publishedVersion
dc.identifier.none.fl_str_mv 1852-0022
http://hdl.handle.net/11086/553144
identifier_str_mv 1852-0022
url http://hdl.handle.net/11086/553144
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://bd.aaep.org.ar/anales/works/works2019/schclarek.pdf
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
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reponame_str Repositorio Digital Universitario (UNC)
collection Repositorio Digital Universitario (UNC)
instname_str Universidad Nacional de Córdoba
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repository.name.fl_str_mv Repositorio Digital Universitario (UNC) - Universidad Nacional de Córdoba
repository.mail.fl_str_mv oca.unc@gmail.com
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score 13.13397

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