Unlocking Dead Capital

Collateral can increase access to finance, especially for small firms, and lead to better terms for loan contracts. Many argue that firms are excluded from formal credit markets because they lack assets that can serve as collateral. In fact, firms...

Full description

Bibliographic Details
Main Authors: Safavian, Mehnaz, Fleisig, Heywood, Steinbuks, Jevgenijs
Format: Viewpoint
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2006/03/6777996/unlocking-dead-capital
http://hdl.handle.net/10986/11190
id okr-10986-11190
recordtype oai_dc
spelling okr-10986-111902021-04-23T14:02:54Z Unlocking Dead Capital Safavian, Mehnaz Fleisig, Heywood Steinbuks, Jevgenijs ASSETS BANKS COLLATERAL CREDIT MARKETS ECONOMIC GROWTH ECONOMICS EMPLOYMENT FINANCIAL LEASING FINANCIAL SECTOR INTEREST RATE INTEREST RATES INVENTORY INVESTMENT CLIMATE LAWS LEASEHOLDS LEGAL FRAMEWORK MARKET VALUE MICROFINANCE MOVABLE PROPERTY PUBLIC POLICY PUBLIC POLICY INNOVATIONS REAL ESTATE RISK PREMIUM SECURED CREDITOR SECURED CREDITORS UNSECURED LOANS Collateral can increase access to finance, especially for small firms, and lead to better terms for loan contracts. Many argue that firms are excluded from formal credit markets because they lack assets that can serve as collateral. In fact, firms generally have a wide array of productive assets that could secure a loan-but the legal framework prevents this. Reforming collateral laws can unlock dead capital, as seen in Albania and Romania. 2012-08-13T14:23:59Z 2012-08-13T14:23:59Z 2006-03 http://documents.worldbank.org/curated/en/2006/03/6777996/unlocking-dead-capital http://hdl.handle.net/10986/11190 English Viewpoint: Public Policy for the Private Sector; Note No. 307 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ASSETS
BANKS
COLLATERAL
CREDIT MARKETS
ECONOMIC GROWTH
ECONOMICS
EMPLOYMENT
FINANCIAL LEASING
FINANCIAL SECTOR
INTEREST RATE
INTEREST RATES
INVENTORY
INVESTMENT CLIMATE
LAWS
LEASEHOLDS
LEGAL FRAMEWORK
MARKET VALUE
MICROFINANCE
MOVABLE PROPERTY
PUBLIC POLICY
PUBLIC POLICY INNOVATIONS
REAL ESTATE
RISK PREMIUM
SECURED CREDITOR
SECURED CREDITORS
UNSECURED LOANS
spellingShingle ASSETS
BANKS
COLLATERAL
CREDIT MARKETS
ECONOMIC GROWTH
ECONOMICS
EMPLOYMENT
FINANCIAL LEASING
FINANCIAL SECTOR
INTEREST RATE
INTEREST RATES
INVENTORY
INVESTMENT CLIMATE
LAWS
LEASEHOLDS
LEGAL FRAMEWORK
MARKET VALUE
MICROFINANCE
MOVABLE PROPERTY
PUBLIC POLICY
PUBLIC POLICY INNOVATIONS
REAL ESTATE
RISK PREMIUM
SECURED CREDITOR
SECURED CREDITORS
UNSECURED LOANS
Safavian, Mehnaz
Fleisig, Heywood
Steinbuks, Jevgenijs
Unlocking Dead Capital
relation Viewpoint: Public Policy for the Private Sector; Note No. 307
description Collateral can increase access to finance, especially for small firms, and lead to better terms for loan contracts. Many argue that firms are excluded from formal credit markets because they lack assets that can serve as collateral. In fact, firms generally have a wide array of productive assets that could secure a loan-but the legal framework prevents this. Reforming collateral laws can unlock dead capital, as seen in Albania and Romania.
format Publications & Research :: Viewpoint
author Safavian, Mehnaz
Fleisig, Heywood
Steinbuks, Jevgenijs
author_facet Safavian, Mehnaz
Fleisig, Heywood
Steinbuks, Jevgenijs
author_sort Safavian, Mehnaz
title Unlocking Dead Capital
title_short Unlocking Dead Capital
title_full Unlocking Dead Capital
title_fullStr Unlocking Dead Capital
title_full_unstemmed Unlocking Dead Capital
title_sort unlocking dead capital
publisher World Bank, Washington, DC
publishDate 2012
url http://documents.worldbank.org/curated/en/2006/03/6777996/unlocking-dead-capital
http://hdl.handle.net/10986/11190
_version_ 1764415846306807808