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Utilising the Transactional Efficiencies of Contingent Loans - A General Framework for Policy Application

Denniss, Richard

Description

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]

CollectionsANU Research Publications
Date published: 2014
Type: Book chapter
URI: http://hdl.handle.net/1885/54755
Book Title: INCOME CONTINGENT LOANS: Theory, Practice and Prospects
DOI: .1057/9781137413208_23

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