Utilising the Transactional Efficiencies of Contingent Loans - A General Framework for Policy Application
This chapter argues that the administrative costs of contingent loans are likely to be substantially lower than the costs of providing traditional financial products via the private banking system. Building on the notion of �transactional efficiencies� discussed by Stiglitz in Chapter 2, this chapter argues that recent technological developments have created unique opportunities for governments to extract economies of scope and scale by utilising the information, administration and debt...[Show more]
|Collections||ANU Research Publications|
|Book Title:||INCOME CONTINGENT LOANS: Theory, Practice and Prospects|
|01_Denniss_Utilising_the_Transactional_2014.pdf||164.76 kB||Adobe PDF||Request a copy|
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