Is structured finance dead? Many have asked this question after the financial crisis. Or is structured finance “evil” and therefore should it be dead? This book suggests neither nor. Even if structured finance can be misused or applied under inappropriate conditions, it can also be an effective tool for reaching development objectives. The authors in this volume focus on the potential of structured finance in the aftermath of the financial crisis. They explore the conditions under which structured finance is suitable for emerging markets highlighting both its benefits and risks. The book combines professional and scientific perspectives and points towards various useful applications of structured finance in support of small and medium-sized enterprises and microfinance. This also includes activities as diverse as infrastructure development, remittances, rural livelihood, and Shari’ah-compliant Islamic finance.
İçerik tablosu
Securitization: Wonder Drug or Financial Alchemy?.- Mobilising Capital for the Poor – How Does Structured Finance Fit in Emerging Markets?.- The Role of Public and Private Investors for Structured Finance in Emerging Markets.- Structured Finance – Mobilising New Means to Attract Capital.- Mobilising Structured Finance for Development – Potential Welfare Benefits and Challenges of Securitisations in Large Emerging Markets.- Structured Finance for Development – Outlook for New Applications.- Shari’ah Compliant Structured Finance – Characteristics, Analogies and Legal Risks in Common Law Jurisdictions.- Securitization of Worker Remittances.- Structured Finance Approaches to Livelihood Projects in India.- The Use of Structured Finance for a Deposit Based MSME Banking Group in Emerging Markets – The Case of Pro Credit.- Using the Toolbox – Solutions in Customizing Structured Finance.- Microcredit as an Asset Class: Structured Microfinance.