(Bloomberg) -- It has been several years since India
began talking about allowing the trading of receipts for goods
stored in warehouses, letting holders swap them like stocks and
bonds and use as security to raise money.
This one change might transform the country's fragmented
commodities markets by infusing life into what Peruvian economist
Hernando de Soto calls ``dead capital,'' or property that can't
be offered as collateral.
Read more at Bloomberg Commodities News
began talking about allowing the trading of receipts for goods
stored in warehouses, letting holders swap them like stocks and
bonds and use as security to raise money.
This one change might transform the country's fragmented
commodities markets by infusing life into what Peruvian economist
Hernando de Soto calls ``dead capital,'' or property that can't
be offered as collateral.
Read more at Bloomberg Commodities News
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