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Author Klapper, Leora.

Title The uniqueness of short-term collateralization [electronic resource] / Leora Klapper.

Published Washington, D.C. : World Bank, Development Research Group, Finance, [2001]


Location Call No. Status
Series Policy research working paper ; 2544
Policy research working papers ; 2544.
World Bank e-Library.
Notes "February 2001"--Cover.
Title from title screen as viewed on Sept. 18, 2002.
Bibliography Includes bibliographical references (p. 32-33).
Summary 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.
Other formats Also available in print.
Other author World Bank. Development Research Group. Finance.
Subject Commercial loans -- Econometric models.
Lines of credit -- Econometric models.
Security (Law)
Variant Title Uniqueness of short term collateralization