Secured Transactions Reform and Access to Credit

Edited by Frederique Dahan, Chief Counsel and John Simpson, European Bank for Reconstruction and Development

• Contents:ForewordPART I: ACCESS TO CREDIT AND SECURED TRANSACTIONS IN A GLOBAL WORLD1. Turning the Key to Credit: Credit Access and Credit InstitutionsFlorencio Lopez-de-Silanes2. Policy Choices for an Efficient and Inclusive Financial SystemThorsten BeckPART II: SECURED TRANSACTIONS LAW TO SUPPORT ACCESS TO CREDIT: A CASE FOR REFORM3. The Economics of Collateral and of Collateral ReformHeywood Fleisig4. Firm-level Evidence on Collateral and Access to FinanceMehnaz S. Safavian5. Legal Efficiency of Secured Transactions Reform: Bridging the Gap between Economic Analysis and Legal ReasoningFrederique Dahan and John SimpsonPART III: TAKING SECURITY IN PRACTICE: MICROFINANCE AND MORTGAGE6. The State of Nature and Lending in an Unreformed Environment: Experience from Early Transition CountriesThomas Engelhardt and Benjamin Regitz7. Use of Security in Challenging Environments: The Microfinance PerspectiveMartin Holtmann8. Mortgages in Transition EconomiesJohn Simpson and Frederique DahanPART IV: STORIES OF REFORM: LESSONS LEARNED AND REMAINING CHALLENGES9. The Slovak Secured Transactions Reform: Ingredients of a Successful Reform and Reflection on its AchievementsKatarína Mathernová10. The Romanian Electronic Archive of Security Interests in Personal PropertyDiana Lupulescu11. Challenges in Implementing Secured Transactions Reform in Latin AmericaNuria de la Peña12. Recent Reform in France: The Renaissance of a Civilian Collateral Regime?Marie-Elodie AncelIndex

'The book is unique. . . It brings together articles on the economics and the law of property rights, and combines these with case studies, observations of what works and what does not, and a checklist of things to watch for. . . This is a very useful book that should appeal to reformers working in the field, whether they are governmental officials trying to modernize their economies, or economists and lawyers working in developmental agencies. . . There are few other books or publications that bring together the views of experts working in this important, albeit somewhat neglected, are of financial sector plumbing.'