Assessing the economic value of credit guarantees / (Record no. 7271)

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control field art0841
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Personal name Saldaña, Cesar G.,
245 ## - TITLE STATEMENT
Title Assessing the economic value of credit guarantees /
300 ## - PHYSICAL DESCRIPTION
Extent p.27
490 ## - SERIES STATEMENT
Series statement Vol. 27 No. 1 First Sem 2000
520 ## - SUMMARY, ETC.
Summary, etc. This article analyzes how a credit guarantee confers private benefits to creditors and proposes reform policies and related assessment measures in order to make credit guarantee a socially beneficial intermediation instrument. Analysis indicates that the necessary and sufficient conditions for credit guarantee to have positive economic value to creditors include sufficiency of collateral and creditor's risk aversion. Findings also suggest that guarantee programs have a limited reach, implying a need for continuing subsidies.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Small-scale enterprises (SSE)
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Incentive compatible policies
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Topical term or geographic name as entry element Moral hazard problem
773 ## - HOST ITEM ENTRY
Record control number 0115-9143
Title Journal of Philippine Development
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier http://dirp4.pids.gov.ph/ris/pjd/pidsjpd00-1guarantees.pdf
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Koha item type Journal Articles
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