Abstract
This study examines empirically the impact of civil conflict on cross-border lending. Our sample covers 165 countries over the period 1984-2019 with loan data disaggregated at the economic sectoral level (primary, secondary and tertiary sectors), an analysis that is absent in existing literature. Our results indicate that cross-border lending to the primary sector is not significantly influenced by civil conflict, whereas cross-border lending to secondary and tertiary sectors is negatively impacted by the outbreak of civil conflict, leading to a decreased volume of loans or reversals of existing loans.
Original language | English |
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Pages (from-to) | 931-956 |
Number of pages | 26 |
Journal | Defence and Peace Economics |
Volume | 35 |
Issue number | 7 |
Early online date | 24 Apr 2023 |
DOIs | |
Publication status | Published - 2 Oct 2024 |
Bibliographical note
This is an Accepted Manuscript version of the following article, accepted for publication in Defence and Peace Economics. Li, C, Luo, Y & De Vita, G 2024, 'Civil Conflict and Cross-Border Lending: A Sectoral, Micro Lender-Level Analysis of Syndicated Loans', Defence and Peace Economics, vol. 35, no. 7, pp. 931-956.It is deposited under the terms of the Creative Commons Attribution-NonCommercial License (http://creativecommons.org/licenses/by-nc/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited.
Funder
This work was supported by the University Research Projects of Philosophy and Social Sciences in Jiangsu Province (Grant no. 2020SJA1210) and the Humanities and Social Sciences Youth Foundation of Ministry of Education in China (Grant no. 22YJCGJW004).Funding
This work was supported by the University Research Projects of Philosophy and Social Sciences in Jiangsu Province (Grant no. 2020SJA1210) and the Humanities and Social Sciences Youth Foundation of Ministry of Education in China (Grant no. 22YJCGJW004).
Funders | Funder number |
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University Research Projects of Philosophy and Social Sciences in Jiangsu Province | 2020SJA1210 |
Ministry of Education China | 22YJCGJW004 |
Keywords
- Cross-border lending
- civil conflict
- economic sectors
- syndicated loans
- volume of loans