Publication:
Mobilization Effects of Multilateral Development Banks

Simple item page
dc.contributor.authorBroccolini, Chiara
dc.contributor.authorLotti, Giulia
dc.contributor.authorMaffioli, Alessandro
dc.contributor.authorPresbitero, Andrea
dc.contributor.authorStucchi, Rodolfo
dc.date.accessioned2020-02-26T16:19:07Z
dc.date.available2020-02-26T16:19:07Z
dc.date.issued2020-02
dc.description.abstractThis study uses loan-level data on syndicated lending to a large sample of developing countries between 1993 and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), that is, their ability to crowd-in capital from private creditors. Controlling for a large set of fixed effects, the paper shows evidence of positive and significant mobilization effects of multilateral lending on the size of bank inflows. The number of lenders and the average maturity of syndicated loans also increase. These effects are present not only on impact but last for up to three years and are not offset by a decline in bond financing. There is no evidence of anticipation effects, and the results are robust to numerous tests controlling for the role of confounding factors and unobserved heterogeneity. Finally, the results are economically sizable, indicating that MDBs can mobilize about seven dollars in bank credit over a three-year period for each dollar invested.en
dc.identifierhttp://documents.worldbank.org/curated/en/455301582642614413/Mobilization-Effects-of-Multilateral-Development-Banks
dc.identifier.doi10.1596/1813-9450-9163
dc.identifier.urihttps://hdl.handle.net/10986/33395
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9163
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectRESOURCE MOBILIZATION
dc.subjectMULTILATERAL DEVELOPMENT BANK
dc.subjectSUSTAINABLE DEVELOPMENT GOALS
dc.subjectPRIVATE INVESTMENT
dc.subjectSYNDICATED LOANS
dc.subjectCROWD-IN CAPITAL
dc.subjectCAPITAL FLOWS
dc.subjectDEVELOPMENT FINANCE
dc.titleMobilization Effects of Multilateral Development Banksen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleMobilization Effects of Multilateral Development Banks
okr.date.disclosure2020-02-25
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/455301582642614413/Mobilization-Effects-of-Multilateral-Development-Banks
okr.guid455301582642614413
okr.identifier.doi10.1596/1813-9450-9163
okr.identifier.externaldocumentum090224b087660114_1_0
okr.identifier.internaldocumentum31811964
okr.identifier.reportWPS9163
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/455301582642614413/pdf/Mobilization-Effects-of-Multilateral-Development-Banks.pdfen
okr.statistics.combined2124
okr.statistics.dr455301582642614413
okr.statistics.drstats1538
okr.topicFinance and Financial Sector Development::Capital Markets and Capital Flows
okr.topicFinance and Financial Sector Development::Finance and Development
okr.topicFinance and Financial Sector Development::International Financial Markets
okr.topicInternational Economics and Trade::Capital Flows
okr.topicInternational Economics and Trade::Foreign Direct Investment
okr.unitKnowledge and Strategy Team, Development Economics
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
Mobilization-Effects-of-Multilateral-Development-Banks.pdf
Size:
5.12 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
Mobilization-Effects-of-Multilateral-Development-Banks.txt
Size:
205.96 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Policy Research Working Papers