This book provides an analysis of both the general economic theory of secured lending, as well as the very concrete and detailed aspects of the legal framework in which it takes place, in Belgium and the United States.
Contents:
Part I. Introduction -- Basic economic problem and search for a legal solution -- Methodology -- Part II. Economic framework -- Secured lending theory :...
Part I. Introduction -- Basic economic problem and search for a legal solution -- Methodology -- Part II. Economic framework -- Secured lending theory : preliminary questions on the efficiency of security interests -- Credit rationing -- Why is credit rationing a problem? -- Beneficial effects of security interests on credit rationing -- Costs of security interests -- Normative implications : a functional design of the optimal security interest system -- Part III. Legal framework -- Location in research methodology -- General principles of bankruptcy -- Mortgages -- Movables -- Part IV. Conclusion.