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1、CreditandCollateralCollateral–generallydefinedasanassetusedtoprovidesecurityforalender’sloan–isanimportantfeatureofcreditcontractsandalltheavailableevidencesuggeststhatitsuseisgettingmorepervasive.Thisinformativebookbuildsuponrecentresearchintothistopic.Se
2、naanalysesthreecase-studiesthatrevolvearoundtheimpactthatfinancialconstraintshaveoneconomicoutcomes.Inthefirstcase-study,therelationshipbetweenfirms’technicalefficiencyandincreasingfinancialpressureisexplored.Theauthorthengoesontoshow,inthesecondcase-study,tha
3、tunderspecificcir-cumstances,increasingfinancialpressureandincreasingproductmarketcompeti-tioncanjointlyhaveapositiveimpactonfirms’technicalefficiency,whilenotbeingtrueforalltypesoffirms.Inthethirdcase,sheanalysestheimpactthatfinanceconstraintshaveonwomen’sstar
4、t-ups.Uniqueandrevealing,thisisthefirstbooktodealsoextensivelywiththetopicofcollateral,andassuch,isavaluablereferencetopostgraduatesandpro-fessionalsinthefieldsofmacroeconomics,monetaryandbusinesseconomics.VaniaSenaiscurrentlyaSeniorLecturerinEconomicsatAst
5、onBusinessSchool,AstonUniversity,Birmingham.Routledgeinternationalstudiesinmoneyandbanking1PrivateBankinginEurope8OrganisationalChangeandLynnBickerRetailFinanceAnethnographicperspective2BankDeregulationandRichardHarper,DaveRandallMonetaryOrderandMarkRounc
6、efieldGeorgeSelgin9TheHistoryoftheBundesbank3MoneyinIslamLessonsfortheEuropeanCentralAstudyinIslamicpoliticalBankeconomyJakobdeHaanMasudulAlamChoudhury10TheEuro4TheFutureofEuropeanAchallengeandopportunityforFinancialCentresfinancialmarketsKirstenBindemannPu
7、blishedonbehalfofSociétéUniversitaireEuropéenne5PaymentSystemsinGlobaldeRecherchesFinancièresPerspective(SUERF)MaxwellJ.Fry,IsaakKilato,EditedbyMichaelArtis,SandraRoger,KrzysztofAxelWeberandSenderowicz,DavidSheppard,ElizabethHennessyFranciscoSolisandJohnT
8、rundle11CentralBankinginEastern6WhatisMoney?EuropeJohnSmithinEditedbyNigelHealeyandBarryHarrison7FinanceAcharacteristicsapproach12Money,CreditandPricesEditedbyDavidBlakeStabilityPaulDalziel13MonetaryPolicy,CapitalFl
