Description - Credit and Collateral by Vania Sena
Collateral - generally defined as an asset used to provide security for a lender's loan - is an important feature of credit contracts and all the available evidence suggests that its use is getting more pervasive. This informative book builds upon recent research on this topic. Research in this area has generally followed two paths; the first explains why collateral is so widely used and how it can be used strategically by those agents involved in the financial transaction, whilst the second focuses on the impact that the provision of collateral can have on the economy's equilibrium. Unique and revealing, this is the first book to deal so extensively with the topic of collateral, and as such, will be a valuable reference to postgraduates and professionals in the fields of macroeconomics, monetary and business economics.
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(234mm x 156mm x mm)
Publisher: Taylor & Francis Ltd
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Author Biography - Vania Sena
Vania Sena is currently a Senior Lecturer in Economics at Aston Business School, Aston University, Birmingham.
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