Paper Title
The Theory Correlation between Financial Crises and Syndicated Loans During Those Times

Abstract
There is a flight home effect among lenders that rebalances their loan portfolios in favor of domestic borrowers as a result of financial crises, which led to the collapse of the global syndicated loan market. Approximately 20% of lenders' loan origination is influenced by their home bias when their home country experiences a banking crisis. A flight home effect differs from a flight to quality in that all borrowers are equally affected. When the wealth of international investors is reduced due to adverse economic shocks, we observe an increase in the home bias in capital allocation. Keywords - Financial Crisis, Home Bias, Flight to Quality JEL Classification - F34, G21