Institutional Foundations of Impersonal Exchange PDF
By:Benito Arruñada
Published on 2012-08-24 by University of Chicago Press
Governments and development agencies spend considerable resources building property and company registries to protect property rights. When these efforts succeed, owners feel secure enough to invest in their property and banks are able use it as collateral for credit. Similarly, firms prosper when entrepreneurs can transform their firms into legal entities and thus contract more safely. Unfortunately, developing registries is harder than it may seem to observers, especially in developed countries, where registries are often taken for granted. As a result, policies in this area usually disappoint. Benito Arruñada aims to avoid such failures by deepening our understanding of both the value of registries and the organizational requirements for constructing them. Presenting a theory of how registries strengthen property rights and reduce transaction costs, he analyzes the major trade-offs and proposes principles for successfully building registries in countries at different stages of development. Arruñada focuses on land and company registries, explaining the difficulties they face, including current challenges like the subprime mortgage crisis in the United States and the dubious efforts made in developing countries toward universal land titling. Broadening the account, he extends his analytical framework to other registries, including intellectual property and organized exchanges of financial derivatives. With its nuanced presentation of the theoretical and practical implications, Institutional Foundations of Impersonal Exchange significantly expands our understanding of how public registries facilitate economic growth.
This Book was ranked at 23 by Google Books for keyword Bankruptcy.
Book ID of Institutional Foundations of Impersonal Exchange's Books is 3NQP9gs8azsC, Book which was written byBenito Arruñadahave ETAG "HXlnLPtFu94"
Book which was published by University of Chicago Press since 2012-08-24 have ISBNs, ISBN 13 Code is 9780226028323 and ISBN 10 Code is 0226028321
Reading Mode in Text Status is false and Reading Mode in Image Status is true
Book which have "299 Pages" is Printed at BOOK under CategoryBusiness and Economics
Book was written in en
eBook Version Availability Status at PDF is falseand in ePub is false
Book Preview
Download Institutional Foundations of Impersonal Exchange PDF Free
Download Institutional Foundations of Impersonal Exchange Books Free
Download Institutional Foundations of Impersonal Exchange Free
Download Institutional Foundations of Impersonal Exchange PDF
Download Institutional Foundations of Impersonal Exchange Books
Tidak ada komentar:
Posting Komentar