Author : John D. Shilling
Publisher :
ISBN 13 :
Total Pages : 140 pages
Book Rating : 4.:/5 (318 download)
Book Synopsis Beyond Syndicated Loans by : John D. Shilling
Download or read book Beyond Syndicated Loans written by John D. Shilling and published by . This book was released on 1992 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing countries normally have access to a variety of foreign credits suited to different needs. The three papers included in this report examine the characteristics of different major categories of credit markets -- short term trade credit, short-to-medium term project financing, and longer term bond financing -- and how countries can establish, or reestablish, their access to them. Trade credit usually quite short term and often self liquidating is frequently the last credit to be lost and the first to be restored. Project financing can be tailored to cover many risks -- at a cost -- and is available for countries with promising projects. There is a limited range of such projects, though the possibilities grow as economies become more stable. Access to bond markets requires a very high perception of creditworthiness and countries that have established sound economic policies and convinced lenders of the sustainability of these policies can begin to obtain this kind of financing. These papers go into these methods of financing in considerable detail, describe market structures and participants, and give examples of actual lending activities. They give ranges of costs of transactions and security requirements. Finally, they suggest strategies and actions countries can take to improve their access to these markets.
