Collateral - generally defined as an asset used to provide security for a lender's loan - is an important feature of credit contracts and all the available evidence suggests that its use is getting more pervasive. This informative book builds upon recent research into this topic. Sena analyses three case-studies that revolve around the impact that financial constraints have on economic outcomes. In the first case-study, the relationship between firms’ technical efficiency and increasing financial pressure is explored. The author then goes on to show, in the second case study, that under specific circumstances, increasing financial pressure and increasing product market competition can jointly have a positive impact on firms’ technical efficiency, while not being true for all types of firms. In the third case, she analyses the impact that finance constraints have on women’s start-ups. Unique and revealing, this is the first book to deal so extensively with the topic of collateral, and as such, is a valuable reference to postgraduates and professionals in the fields of macroeconomics, monetary and business economics.
This book takes an innovative look at international relations. Focusing on the worldwide campaign against abuses by the right-wing authoritarian regime in Uruguay (1973-1984), it explores how norms and ideas interact with political interests, both global and domestic. It examines joint actions by differently-motivated actors such as the leftist activists who had to flee Uruguay in these years, the Organization of American States, The United Nations, Amnesty International, and the United States. It traces language and procedures for making their claims. The chief goal, however, is to peruse the specific reasons that led these actors to endorse the central core of liberal rights that gave foundation to this system. A close examination of the available documents shows that even as they joined efforts to protest abuses, they were still pursuing their individual agendas, which is often overlooked in the existing scholarship on human rights transnational activism. The book pays special attention to the Uruguayan exiles, analyzing why and how leftist activists and leaders adopted the human rights language, which had so far been used to attack communism in the context of the Cold War.
Collateral - generally defined as an asset used to provide security for a lender's loan - is an important feature of credit contracts and all the available evidence suggests that its use is getting more pervasive. This informative book builds upon recent research into this topic. Sena analyses three case-studies that revolve around the impact that financial constraints have on economic outcomes. In the first case-study, the relationship between firms’ technical efficiency and increasing financial pressure is explored. The author then goes on to show, in the second case study, that under specific circumstances, increasing financial pressure and increasing product market competition can jointly have a positive impact on firms’ technical efficiency, while not being true for all types of firms. In the third case, she analyses the impact that finance constraints have on women’s start-ups. Unique and revealing, this is the first book to deal so extensively with the topic of collateral, and as such, is a valuable reference to postgraduates and professionals in the fields of macroeconomics, monetary and business economics.
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