Using auctions to allocate and price long-term credit (English)

Most long-term credit in developing countries is allocated through negotiated agreements between government institutions and financial intermediaries or final borrowers, and often at administered rates. Yet may developing countries have no long-term credit market whose interest rates can be used as benchmarks for these loans. If credit is priced improperly, it will be allocated inefficiently and the development of capital markets may be stunted. In...

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Author

Guasch, J. Luis;

Glaessner,Thomas C.;
Document Date
1993/07/31
Document Type
Journal Article
Report Number
14318
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
1999/10/13
Doc Name
Using auctions to allocate and price long-term credit
Keywords
Operational Core Curriculum

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Citation

Guasch, J. Luis; Glaessner,Thomas C..

Using auctions to allocate and price long-term credit (English). Washington DC ; World Bank. http://documents.worldbank.org/curated/en/851561468780283937

Using auctions to allocate and price long-term credit (English)

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