The uniqueness of short-term collateralization [electronic resource] / 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

Online Access:	Full Text (via Open Knowledge Repository)
Main Author:	Klapper, Leora
Corporate Author:	World Bank. Development Research Group. Finance
Format:	Electronic eBook
Language:	English
Published:	Washington, D.C. : World Bank, Development Research Group, Finance, [2001]
Series:	Policy research working papers ; 2544.
Subjects:	Commercial loans > Econometric models. Lines of credit > Econometric models. Security (Law)