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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| Main Authors: | Klapper, Leora |
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| Corporate Authors: | World Bank |
| Formato: | Online-Resource |
| Idioma: | English |
| Publicado em: | Washington, D.C : World Bank, Development Research Group, Finance, 2001 |
| Colecção: | Policy research working paper
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| Acesso em linha: | URL des Erstveröffentlichers |
| Localização | Área/Cota |
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| Institute for Contemporary History (Munich) | Bitte rufen Sie die Einzelbaende auf; dieser Titel ist ein mehrbaendiges Werk. |
| Internet |
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| URL des Erstveröffentlichers |
