Fernandez, Raquel.

Bank Size, Reputation, and Debt Renegotiation / Raquel Fernandez, David Kaaret. - Cambridge, Mass. National Bureau of Economic Research 1988. - 1 online resource: illustrations (black and white); - NBER working paper series no. w2704 . - Working Paper Series (National Bureau of Economic Research) no. w2704. .

September 1988.

This paper examines the effect that the coexistence of small and large banks, with different interests in the international market, has on the debt renegotiation process. Making use of a reputational model, we argue that the presence of small banks implies that debtor countries have a harder tine obtaining new money than what they would have absent the small banks.




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