LEADER 01887nam 22003373a 450 001 9910832984303321 005 20231108184542.0 010 $a92-861-5586-7 035 $a(CKB)5590000001147144 035 $a(ScCtBLL)12a528e2-7679-4a10-9254-d63b1c67ad42 035 $a(MiAaPQ)EBC31594166 035 $a(Au-PeEL)EBL31594166 035 $a(EXLCZ)995590000001147144 100 $a20231108i20232023 uu 101 0 $aeng 135 $auru|||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 00$aEIB Working Paper 2023/03 - : $eThe effect of EIB operations on private sector lending outside the European Union /$fEUROPEAN INVESTMENT BANK 205 $a1st ed. 210 1$a[s.l.] :$cEuropean Investment Bank,$d2023. 215 $a1 online resource (36 p.) 327 $aThe effect of EIB operations on private sector lending outside the European Union -- I. Introduction -- II. Data -- III. Country-level analysis -- A. Empirical strategy -- B. Results -- C. Robustness -- IV. Country-sector-level analysis -- V. Conclusion. 330 $aDoes an increase in lending by multinational development banks affect the private lending activity in developing countries? This paper shows that this is indeed the case using data on loans and investments by the EIB in combination with data on syndicated loans. We find that a pronounced increase in EIB operations is followed by a surge in the number and volumes of syndicate loans in countries outside the European Union. Our results suggest that multinational banks can incentivise private sector lending by playing an important role in signalling to private markets that borrowers in emerging and developing countries are safe. 801 0$bScCtBLL 801 1$bScCtBLL 906 $aBOOK 912 $a9910832984303321 996 $aEIB Working Paper 2023$93396814 997 $aUNINA