collateral? The literature shows that unobservability of the project’s returns implies that the high-risk borrower is more … inclined to pledge outside collateral than is the low-risk borrower. However, this finding does not hold when the bank can … collateral enables the low-risk entrepreneur to select himself, but high value outside collateral has no sorting potential at all …

A new form of lending using digital collateral has recently emerged, most prominently in low and middle income … countries. Digital collateral (DC) relies on "lockout" technology, which allows the lender to temporarily disable the low value … of the collateral to the borrower without physically repossessing it. We explore the effect of this new form of credit …

A new form of secured lending utlitizing ``digital collateral" has recently emerged, most prominently in low and middle … income countries. Digital collateral relies on ``lockout" technology, which allows the lender to temporarily disable the flow … value of the collateral to the borrower without physically repossessing it. We explore this new form of credit both in a …