An edition of The uniqueness of short-term collateralization
(2001)
The uniqueness of short-term collateralization
by Leora Klapper
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A secured letter-of-credit loan allows a lender to make larger loans than would be permissible on an unsecured basis, maximizing a risky borrower's investment capital. Empirical evidence shows that secured letters of credit are used by borrowers who are informationally opaque and have higher observable risk. Such borrowers also have fewer growth opportunities and are less likely to pay dividends.
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The uniqueness of short-term collateralization
2001, World Bank, Development Research Group, Finance
Electronic resource
in English
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Book Details
Edition Notes
Includes bibliographical references (p. 32-33).
Title from title screen as viewed on Sept. 18, 2002.
"February 2001"--Cover.
Also available in print.
Mode of access: World Wide Web.
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| December 7, 2020 | Edited by MARC Bot | import existing book |
| December 5, 2010 | Edited by Open Library Bot | Added subjects from MARC records. |
| December 10, 2009 | Created by WorkBot | add works page |