Dysfunctional Finance : Positive Shocks and Negative Outcomes

Dysfunctional Finance : Positive Shocks and Negative Outcomes

n financial markets with asymmetric information about mean returns, borrowers with different default risks may pay the same rate of interest. If they do, the marginal borrower will have a high-risk, negative-value project. Under some conditions, technological change that increases each entrepreneur&...

Full description

Bibliographic Details
Main Author: Hoff, Karla
Format: Journal Article
Language:EN
Published: 2012
Subjects:
Asymmetric and Private Information D820
Banks
Other Depository Institutions
Micro Finance Institutions
Mortgages G210
Financing Policy
Financial Risk and Risk Management
Capital and Ownership Structure G320
Entrepreneurship L260
Online Access:http://hdl.handle.net/10986/5848

Internet

http://hdl.handle.net/10986/5848

Similar Items