Quarterly Review
Foreign Bank Credit to U.S. Corporations: The Implications of Offshore Loans
Spring 1992Volume 17, Number 1

Authors: Robert N. McCauley and Rama Seth

International financial transactions have grown in recent years far faster than has our ability to understand their significance for national economies. This article seeks to explain the rise in bank loans from banks outside the United States to U.S. businesses. The article looks at the implications of the rapid growth of such loans for issues ranging from the corporate debt buildup in the United States in the late 1980s to the loss of market share in U.S. commercial lending by U.S.-owned banks.

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