Capital Markets, CDFIs, and Organizational Credit Risk

Capital Markets, CDFIs, and Organizational Credit Risk
Author: Charles Tansey
Publisher: Carsey Institute
Total Pages: 360
Release: 2010
Genre: Business & Economics
ISBN: 9780578062228

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.