Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/106974
Authors: 
Faia, Ester
Year of Publication: 
2014
Series/Report no.: 
SAFE Policy Letter 24
Abstract: 
Social impact bonds are a special type of bond whose purpose is to provide long term funds to projects with a social impact. Especially in the UK and in the US these bonds are increasingly being used to raise funds to finance government projects. Their return depends on the social improvements achieved. Especially in times of crisis, governments lack funds to prevent the social consequences of recessions. Faia argues that the European Union should develop an equivalent to the British Social Finance Ltd. to finance projects for social improvement.
Subjects: 
social impact bonds
risk premia
incentives for investment
Persistent Identifier of the first edition: 
Document Type: 
Research Report

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