Part I. Introduction -- Basic economic problem and search for a legal solution -- Methodology -- Part II. Economic framework -- Secured lending theory : preliminary questions on the efficiency of security interests -- Credit rationing -- Why is credit rationing a problem? -- Beneficial effects of security interests on credit rationing -- Costs of security interests -- Normative implications : a functional design of the optimal security interest system -- Part III. Legal framework -- Location in research methodology -- General principles of bankruptcy -- Mortgages -- Movables -- Part IV. Conclusion.
Summary:
This book provides an in-depth analysis of both the general economic theory of secured lending, as well as the very concrete and detailed aspects of the legal framework in which it takes place, in Belgium and the United States. Legal practitioners will find a deeper economic understanding of how credit works, and answers to legal questions that no traditional, inside-the-box legal handbook will ever ask. Economists will find theory applied to, and checked by, the legal reality in which they necessarily operate, down to minute detail.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.