This paper examines the role and determinants of collateral in emerging markets compared to mature ones. Analyzing a data set of 560 credit files of Thai commercial banks, we find that both the incidence and degree of collateralization are higher there than in developed markets. Thai banks use...

The paper measures economic loss from the problem of inadequate collateral in Bulgaria and proposes solutions consisting of creation of security interests, perfection, and enforcement.

La New Economy è un fenomeno che ha impresso una spinta verso l’utilizzo massiccio delle nuove tecnologie al livello mondiale nell’attività economica; l’Italia sta ponendosi sul sentiero dell’innovazione, anche se negli ultimi tre anni gli investimenti hanno inevitabilmente rallentato, a...