RIETI独立行政法人経済産業研究所

Adverse selection and moral hazard in the Japanese public credit guarantee schemes for SMEs

In Japan, loans with 100% guarantees account for more than half of all loans covered by public credit guarantee schemes, but banks claim that they do not offer loans without sufficient screening and ...
RIETI独立行政法人経済産業研究所

Adverse Selection versus Moral Hazard in Financial Contracting: Evidence from ...

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London South East

Definition of 'Adverse Selection'

The tendency for a policy offered to all to be taken up by those to whom it is going to benefit more. For example by offering medical insurance without examination, the policy is likely to attract ...