The uniqueness of short-term collateralization

The uniqueness of short-term collateralization / Leora Klapper

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 ob...

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Bibliographic Details
Main Authors:Klapper, Leora
Corporate Authors:World Bank
Format: Online-Resource
Language:English
Published:Washington, D.C : World Bank, Development Research Group, Finance, 2001
Series:Policy research working paper
Subjects:
Ökonometrisches Modell
Commercial loans > Econometric models
Lines of credit > Econometric models
Security (Law)
Online Access:URL des Erstveröffentlichers
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