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Publication Detail
JPD 2000 Vol. XXVII No. 1-b: Assessing the Economic Value of Credit Guarantees

This article analyzes how a credit guarantee confers private benefits to creditors and proposes reform policies and related assessment measures in order to make credit guarantee a socially beneficial intermediation instrument. Analysis indicates that the necessary and sufficient conditions for credit guarantee to have positive economic value to creditors include sufficiency of collateral and creditor’s risk aversion. Findings also suggest that guarantee programs have a limited reach, implying a need for continuing subsidies.

Philippine Institute for Development Studies
Authors Keywords
Saldaña, Cesar G.; credit program; credit access;
Download PDF Number of Downloads
Published in 2000 and available in the PIDS Library or Downloaded 1,007 times since November 25, 2011
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