[DOWNLOAD] "Going Bust: Overcoming a Dysfunctional Credit System. (China)." by Harvard International Review # Book PDF Kindle ePub Free
eBook details
- Title: Going Bust: Overcoming a Dysfunctional Credit System. (China).
- Author : Harvard International Review
- Release Date : January 22, 2003
- Genre: Business & Personal Finance,Books,Finance,
- Pages : * pages
- Size : 244 KB
Description
Lenders all over the world have the same problem: how to get debtors to pay them back. Basic game theory dictates that in interactions between a lender and a debtor, the debtor's best strategy is to default. Of course, lenders know this, so often their best strategy is not to make the loan at all. Despite this obstacle, loans are made. Lenders use various means to ensure repayment. In emerging markets, social norms with second and third party enforcement are popular. This explains the prevalent practice of lending to friends, cronies, and guanxi (connections) without formal credit analysis. Physical force or intimidation can be effective, but it requires a personal touch. Besides, these methods are useful only on a small scale.
Post a Comment for "[DOWNLOAD] "Going Bust: Overcoming a Dysfunctional Credit System. (China)." by Harvard International Review # Book PDF Kindle ePub Free"