Capital Markets, CDFIs, and Organizational Credit Risk
Author | : Charles Tansey |
Publisher | : Carsey Institute |
Total Pages | : 360 |
Release | : 2010 |
ISBN-10 | : 0578062224 |
ISBN-13 | : 9780578062228 |
Rating | : 4/5 (24 Downloads) |
Download or read book Capital Markets, CDFIs, and Organizational Credit Risk written by Charles Tansey and published by Carsey Institute. This book was released on 2010 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can Community Development Financial Institutions (CDFIs) get unlimited amounts of low cost, unsecured, short- and long-term funding from the capital markets based on their organizational credit risk? Can they get pricing, flexibility, and procedural parity with for-profit corporations of equivalent credit risk? One of the key objectives of this book is to explain the reasons why the answer to the two questions above remains "no." The other two key objectives are to show the inner workings of what has been done to date to overcome the obstacles so that we don't have to retrace the same steps and recommend additional disciplines that position CDFIs to take advantage of the mechanisms of the capital markets once the markets stabilize.