Purpose – A difference is noted by comparing the net loans to the non-ﬁnancial sector in the two sets of institutions. The post-global ﬁnancial crisis (GFC), literature agrees on a reduced lending pace by ﬁnancial institutions (FIs) as a result of stricter capital regulations. At the same time, an increasing volume of outstanding loans, directed even to advanced countries, characterize the balance sheet of several multilateral development banks (MDBs). Design/methodology/approach – This paper observes how a different degree of banking regulation might have shaped the economic response to the GFC by FIs and MDBs. Findings – The authors indicate that MDBs’ ﬁnancing, with a coherent objective of countercyclical support to the economies hit by the GFC, seems to have ﬁlled a market gap caused by the FIs’ pro-cyclical lending reduction. Originality/value – While a controversial issue is whether Basel standards should be imposed on MDBs, a harmonization amongst MDBs of their transparency and reporting standards might be beneﬁcial: some preliminary consideration has been portrayed.
|Titolo:||The regulation of multilateral development banks: is it needed? A preliminary analysis|
|Data di pubblicazione:||2021|
|Appare nelle tipologie:||1.1 Articolo in rivista|