The Law and Economics of Secured Lending

DR. FREDERIC HELSEN ( Degrees1988) studied law, economics and business administration (bachelor, KU Leuven, 2009) and law (master, KU Leuven and Duke Law School, 2011). He then obtained a PhD from the Law Faculty of KU Leuven in 2016, after research stays at Harvard Law School (2014-2015) and Berkeley School of Law (2015) as a fellow of Fulbright and the BAEF. During this period, he also obtained his master's degree in Notary law from VUB in 2014. In 2021, he was appointed a notary, and is currently a partner in the leading Brussels-based firm Berquin Notaries.

PART I. INTRODUCTION. Chapter I. Basic Economic Problem and Search for a Legal Solution (p. 1) Chapter II. Methodology (p. 9) PART II. ECONOMIC FRAMEWORK. Chapter I. Secured Lending Theory: Preliminary Questions on the Efficiency of Security Interests (p. 19) Chapter II. Credit Rationing (p. 49) Chapter III. Why is Credit Rationing a Problem? (p. 87) Chapter IV. Beneficial Effects of Security Interests on Credit Rationing (p. 91) Chapter V. Costs of Security Interests (p. 125) Chapter VI. Normative Implications A Functional Design of the Optimal Security Interest System (p. 145) PART III. LEGAL FRAMEWORK. Chapter I. Location in Research Methodology (p. 191) Chapter II. General Principles of Bankruptcy (p. 195) Chapter III. Mortgages (p. 213) Chapter IV. Movables (p. 389) PART IV. CONCLUSION. Conclusion (p. 511) Bibliography (p. 523)