Looking at World Bank Global Development Finance data, from the 1973 oil price shock until the 1982 Mexican crisis bank lending amounted to almost two thirds of overall private capital flows, dwarfing bond financing and equity flows, which stood at below 5 percent and 17  BIS Review 119/2007  1  percent respectively.
This composition of private capital flows changed dramatically in the 1990s. In the period between 1990 and 1997, while bank lending made up only 12 percent, FDI and portfolio equity flows as well as bond financing combined had risen to an impressive 80 percent of overall private capital inflows.